Religion Past and Present

Get access
Search Results: Prev | 1 of 18 |

Debt Crisis
(374 words)

[German Version]

If a debtor can no longer make the amortization and interest payments (“debt service”) for which he or she is obligated under a credit agreement, then one may speak of a “debt crisis.” In recent decades, the public has been especially aware of the debt crisis of the developing and emerging countries (Third World). This has both internal and external causes: the mismanagement of investment projects financed with foreign credit; a failed economic policy that undermined the profitability of private investment projects; an increase in the international interest rate (Inte…

Cite this page
Sautter, Hermann, “Debt Crisis”, in: Religion Past and Present. Consulted online on 10 August 2022 <>
First published online: 2011
First print edition: ISBN: 9789004146662, 2006-2013

▲   Back to top   ▲