austerity_2.jpg Home Page News Page Some have asked what Africa can learn from Greece. I argue that Greece (and others) can learn a lot from the African experience. Some have asked what Africa can learn from Greece. I argue that Greece (and others) can learn a lot from the African experience. Debt is on the rise again not just in Greece, but also across the world. A decline in commodity prices with a strengthening of the US dollar makes debt unsustainable in many economies. These developments have led to rising proportions of government revenues being spent on debt servicing and debt accounting for higher and higher proportions of total GDP. Some have asked what Africa can learn from Greece. I argue that Greece (and others) can learn a lot from the African experience. Debt is on the rise again not just in Greece, but also across the world. A decline in commodity prices with a strengthening of the US dollar makes debt unsustainable in many economies. These developments have led to rising proportions of government revenues being spent on debt servicing and debt accounting for higher and higher proportions of total GDP. read more
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