Russia’s Prime Minister Vladimir Putin says the US is living beyond its means and acts "like a parasite" on the global economy.
A peer review report has shown the need for greater coordination among US departments in solving their debt crisis.
A bitter divide remained in the US before Tuesday’s deadline to raise the country’s debt ceiling, to avoid a crippling default.
Analysts say standoff between Obama and Republicans could spark a global recession.
The US is about to bump against its borrowing limit. If the limit isn’t raised the US will default on its debt or drastically reduce state spending.
The fund’s new chief has warned policymakers that failure to get to grips with their debts could spark fresh turmoil in the global economy.
The US failed to achieve a budget breakthrough on Sunday and instead worked on rival plans in an impasse that heightened prospects for a debt fault.
The South African authorities are closely monitoring Europe’s worsening debt crisis but remain confident.
Portugal’s financial tailspin gathered speed despite political efforts to contain the acute debt crisis that is also unnerving the 17-nation eurozone.
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/ 24 December 2010
China’s commerce minister warned that measures being taken in Europe to fix the sovereign debt crisis are "turning an acute disease into a chronic".
SA policymakers would make the gravest of errors were they to underestimate the seriousness of the European debt crisis, says <b>Desmond Lachman</b>.
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/ 30 November 2009
Glitzy Dubai may face a debt crisis that has sent a shudder through global markets, but you wouldn’t know it from officials or local media.