The Four Layers of Indebtedness

Sovereign debt can be a good thing if it's affordable. But problems s if the debt isn't invested well, or if circumstances unexpectedly changed,. meaning the country can no longer afford its repayments. So there are four layers to this and we're not in a situation where indebtedness is at a 50 year high. More than half of the purest countries are in or at high risk of debt distress, according to the m f.