Definition: This entry records the cumulative total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012See also: Public debt map
World awaits Greek debt vote
CBS News - 7/4/2015 5:55:15 AM
We've had the lingering risk that Greece becomes the first country to exit the eurozone ... $155 billion cost of giving Greece the debt writeoff it needs to prosper within the euro. Total Greek debt owned by public institutions -- like the IMF and the ...
The streets are calm but Greece is haunted by fear of civil strife
theguardian.com - 7/4/2015 6:34:02 PM
This is Greece on the eve of a referendum that could define the country for generations to come. After five years at the centre of Europe’s eviscerating debt crisis ... in the violent aftermath of the second world war – between Greece and Germany ...
Europe's creditor powers must finally face reality: Greece needs mass debt relief now
Daily Telegraph - 7/5/2015 4:13:51 AM
The IMF's intervention was a remarkable public admission that more debt and more austerity will ... the rubicon and became the first developed country in the IMF's 71-year-history to default on the world's "lender of last resort" this week.
MAP: Greece isn’t the first nation to default on a sovereign debt
Washington Post - 7/1/2015 4:21:35 PM
... sovereign debt in default out of world public debt or world GDP has sunk since reaching a peak in the 1980s. Since 1800, Germany has defaulted four times What appears striking is that some of the countries that have been particularly tough on Greek ...
A Revolutionary Pope Calls For Rethinking the Outdated Thinking That Rules the World
Alter Net - 7/4/2015 7:28:19 AM
Most papal encyclicals are addressed only to Roman Catholics, but this one is addressed to the world. And while its main ... rapidly in Italy and other European countries. They soon evolved into banks, which were public in nature and served public ...
Greece debt crisis explainer: A history of just how the country landed itself in such a mess
The Independent - 7/4/2015 4:32:21 PM
However, after the 2008 and 2010 bailout, many international corporations pulled their money from the country with debt now held by rich EU nations ... Their experience is replicated across other public sector fields – notably in nurses and doctors.
The Never Ending Saga Of Greece’s Debt Crisis
Counter Currents - 7/3/2015 4:40:41 PM
... which enabled the reemergence of Germany as a world economic power in the post-war period. In 2015, the Greek Parliament set up a Committee on the Truth about the Public Debt to investigate how country’s foreign debt got accumulated from 1980 to 2014.
The Global Debt Trap
RealClear Politics - 7/3/2015 2:21:42 AM
WASHINGTON -- We have the Greeks to thank for an elementary tutorial in what ails the world economy. Greece's central problem is that it has too much debt and too little economic growth (none actually) to service the debt. The country is caught in an ...
Europeans tried to block IMF debt report on Greece: Sources
Times of India - 7/4/2015 2:34:49 AM
BRUSSELS: Euro zone countries ... debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday. The document released in Washington on Thursday said Greece's public ...
Overspending, austerity, euro flaws have pushed Greece to brink despite bailouts
FOX News - 7/5/2015 5:03:58 AM
Why couldn't all that money and all that sacrifice turn around a country ... cuts in public spending were needed to reduce Greece's cost base because it couldn't devalue. Yet the lower public spending pushed down GDP and simply made the debt burden bigger ...
The Latest: Greece: IMF report justifies Greek debt stance
KSL - 7/2/2015 6:22:05 PM
Prime Minister Alexis Tsipras' government has long argued that any new deal with Greece's creditors would have to address the country's debt by including some form ... victory would be interpreted around the world as a "choice to leave from the heart ...
Economic future of Greece to be decided by referendum on Sunday
The Star - 7/4/2015 9:32:59 PM
ATHENS—After five months of bitter backroom talks and poisonous public smack ... developed nation since World War II could all be on the line. Greeks will vote after a week that has been perhaps the most difficult for the country since its debt crisis ...
Poverty grows as Caribbean countries face economic challenges — CDB president
Jamaica Observer - 7/3/2015 5:13:30 AM
The CDB president said that fiscal problems, have, in turn, led to huge debt accumulation, with several countries now ranked among the most indebted in the world. He said poverty ... "Second, an effective public debt management strategy which balances ...
The World This Week: Greek Crisis Marks End of Debt Era
Fair Observer - 7/5/2015 12:03:19 AM
The ballooning of debt is the biggest challenge facing the world economy ... mistake,” because he claims it failed to insulate the public finances of eurozone states from bubbles in particular countries—like, he says, the US system does.
Greece: When Is It Time to Forgive Debt?
Greek Reporter Greece - 7/3/2015 12:05:41 AM
And even though the quantity of public debt has been broadly stable since 2012 ... in the past two centuries after the Napoleonic wars, and the world wars. But the tradition in many countries over many centuries (as outlined in Reinhart and Rogoff) has ...