#debt-crisis

#debt-crisis

The traditional post-summer rentree feels almost incomplete without an accompanying political crisis in France. And right on cue this year's return from les grandes vacances has delivered but in the form of a shock move that could collapse the government within a fortnight, plunging Europe's second biggest economy into chaos. Prime minister Francois Bayrou stunned the country on Monday by announcing he would seek a back me or sack me confidence vote in the national assembly on 8 September.

Argentina's case illustrates the severe repercussions of manipulating inflation data. Systematically understating figures led to a loss of faith from the international community, resulting in skyrocketing borrowing costs and a worsening debt crisis.

average borrowing costs in Africa are almost 10 times higher than for the US, fueled by perceptions of risk propagated by international credit rating agencies.

Countries globally are slashing aid budgets, challenging the longstanding belief that supporting health and development must be a priority for both moral and strategic reasons.