…German Chancellor Angela Merkel. As the =anaging director of the IMF, he had come up with plan, codenamed =93Comprehensive," to head off a Greek default on its sovereign debt. =But to make it work, he needed German support. "If Germany…
…the world's most powerful financial institutions, the International Monetary Fund, an organization of sovereign states with the job of providing loans to any nation in financial trouble. For the past 6 months, he had to deal with a crisis…
…turnaround at the time of this writing. A McKinsey study earlier this year estimated total of new debt created since 2007 at S50trIn, capturing all global sovereigns, corporates, and consumers. Much of it was raised with a belief in the…
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