France is burdened with the enormous sum of EUR 3,300 billion in debt. The rating agency Standard & Poor’s has now downgraded the credit rating of the second-largest economy in the eurozone to A+.
By Redaktion Table
Cuts in development aid threaten to drastically reduce international climate financing, Oxfam and Care have calculated. Because loans are often used, the over-indebtedness of poor countries increases: According to these calculations, they have to raise USD 20 billion more annually for debt servicing than they receive in support at all.
By Nico Beckert
The EU Commission is proposing to redirect the Russian state bank funds held by Euroclear to the Ukraine without legally confiscating them. In doing so, the authority wants to choose a path that cannot be blocked by individual member states.
By Janos Allenbach-Ammann
Kenya wants to convert part of its US dollar debt into Chinese yuan. Other African countries could also turn away from the US dollar in their debt policy. US President Donald Trump's policies are reinforcing the trend.
By Julian Hilgers
