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Coronavirus leaves a legacy of unprecedented global debt

6 Comments
By Dhara Ranasinghe and Karin Strohecker

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© Thomson Reuters 2020

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6 Comments
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For every borrower with a debt, there is a lender with an asset.

To whom must all this debt be paid to?

2 ( +3 / -1 )

To whom must all this debt be paid to?

China.

1 ( +1 / -0 )

To whom must all this debt be paid to?

China.

They may have some trouble collecting on all that. And any minute now Kamala Harris is going to demand that China make reparations for the damage caused by their coronavirus.

1 ( +1 / -0 )

Ineffectual governments are using the virus as a scapegoat-debt being passed on to later generations is feckless!

0 ( +1 / -1 )

The countries that issue their own currency, have solid structure to their economies and borrow in their own currencies will be fine. Countries that borrow foreign money and Eurozone countries, however, could be in trouble.

0 ( +0 / -0 )

Interest rates are very low. Borrowing at low rates, in a good cause, seems worth it, to me.

0 ( +0 / -0 )

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