Debt cycles recur throughout history, but the current cycle involved old creditors being replaced by new creditors (China and private sector Euro Bond creditors) while countries now face rising interest rates and fewer external resources.
causalpending
Speaker
David MalpassEvidence Quote
“There are cycles of debt through history... China and private sector Euro Bond creditors stepped in, and now the countries themselves are facing rising interest rates, less net resources, less resources coming in from the world.”
Source
World Bank's David Malpass on global debt & economic inequality | GZERO World with Ian Bremmer— GZERO MediaCreated: 8/12/2026, 5:50:34 PM
My Notes
Loading notes...