In the shadows of debt, we engage in activities

Financial Times LogoFinancial Times1w ago

 In the shadows of debt, we engage in activities - Financial Times

Quick Summary:

For example, Greece discovered how painful this could be back in 2010–12, when it emerged that a smattering of agencies like the railway system had borrowed another €10bn that was guaranteed by the state but not counted in its public debt burden.

Lack of full and accurate information about a country’s outstanding debt and contingent liabilities prevent both borrowers and creditors from properly assessing risks and making informed borrowing and lending decisions.

Cognizant of the scale and scope of the problem, international standard setting bodies have promoted debt transparency, but critical implementation gaps remain.

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Article Details

Author / Journalist: Robin Wigglesworth

Category: MarketsFinanceInvesting



Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-02-13 @ 10:11:43 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL:

Language: English

Article Length: 995 words

Reading Time: 6 minutes read

Sentences: 39 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 20057847

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About Financial Times

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Main Topics: MarketsFinanceInvesting

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Update Frequency: 2 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 18 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news.

The outlet is headquartered in United States and publishes an average of 2 news stories per day.

It's most recent story was published 18 hours ago.

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