Turkey's external debt rises slightly to $402 billion Private sector foreign debt stands at $277 billion, an increase of $10 billion compared to the end of last year http://www.portturkey.com/finance/7166-turkeys-external-debt-rises-slightly-to-402-billion
Anybody who does the Greek debt arithmetic (and it sometimes seems that in Berlin nobody actually does) knows that it cannot repay its external debts, now around 170% of GDP, without a level of pain that is simply beyond the tolerance of democratic societies. The leftwing party Syriza is no anomaly; it is telling the financial and political truth in the runup to Sunday’s elections, however unpleasant that may be to politicians in Berlin and Brussels.
BBC analyses Hugo Chavez's economic strategy - focused on "external debt" and oil. Upon his re-election, which will see him in power for 20 years, he promised to be a "better President." He's committed to an untenable growth in public housing - which he has delayed in delivering, while selling cheap oil to his close Latin American allies. "he nation is beset by crumbling infrastructure, an overvalued currency and underperforming industry." Frightening. #sociology #latin