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Debt crisis

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The Debt Crisis is the general term for the proliferation of massive state debts relative to tax revenues, especially in reference to Latin American during the 1980s, and the United States and the European Union since the mid-2000s.

See Also

References

  1. "Europe Banks Selling Sovereign Bonds May Worsen Debt Crisis" - SFGate
  2. "Who is Handling Debt Crisis Better, United States or Europe" - US News