Search

The United States is on the verge of debt default

The United States debt default may come in October if the Congress does not raise the national debt limit. Previously, the United States has not yet declared a default in such situations, which, according to some experts, could lead to serious consequences. A vote on a bill that could increase the size of the country's public debt is ...

SPAIN FACES THE WORST ECONOMIC SITUATION IN 120 YEARS

... the need to maintain the economy, demonstrated different models for solving one common problem. In Spain, in particular, the pandemic hit hard on the economy – through the increased social spending and accumulated debts. In 2020 alone, the kingdom's national debt rose by 20 % and reached the level of 1902. Then the country lost its last colonies and experienced a political crisis. The unconditional reason for the deterioration of the economic situation in Spain is the sharp decrease in tourist activity: ...

Sorted by relevance | Sort by date