debt to GDP ratio

Which Country Goes Bankrupt Next? (Hint: It's Not Who You Think)

When Greece defaulted on its government bonds in March, it was the first country of any size to take such a step since the great Argentine default of 2002. It won't be the last.

Japan's Cheap Debt Could Cost the World Dearly

Fueled by a high domestic savings rate, Japan piled up debt to epic levels over the last few decades. But as its population ages, the days of cheap debt are coming to an end -- and the global economy will feel the effects.