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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (58477)	12/1/2009 2:13:20 AM
From: elmatador	Respond to of 218249

From the Baltics to the Mediterranean, bills for an unprecedented borrowing binge are starting to fall due. In Germany, long the bastion of fiscal rectitude in Europe, government debt is on the rise. Even in rich nations like the United States and Japan, which are increasing government spending to shore up slack economies, mounting budget deficits are raising concern about governments’ ability to shoulder their debts, especially once interest rates start to rise again. In Russia, for instance, the foreign debt totals more than $470 billion. But only a tiny fraction of that — about $29 billion — is sovereign debt. The rest is owed by Russian companies, including state giants like Gazprom. The most troubling case in Russia is Rusal, the world’s largest aluminum company, which owes $16 billion and has been in a standstill on repayment this year while dealing with creditors. A subsidiary of a Russian state aircraft manufacturer defaulted on bonds last autumn despite a presumed sovereign guarantee. In Ukraine, the state energy company, Naftogaz, and a state railroad, have restructured or asked to restructure their debt. In Wake of Dubai, Trying to Predict the Next Blowup nytimes.com