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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…

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Sautter, Hermann, “Debt Crisis”, in: Religion Past and Present. Consulted online on 10 April 2020 <http://dx.doi.org/10.1163/1877-5888_rpp_SIM_124757>
First published online: 2011
First print edition: ISBN: 9789004146662, 2006-2013



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