There has not been a single year in recent economic history, without the existence of debt distress somewhere in the world, either in an individual state or in a whole national economy. Therefore, sovereign debt crises are nothing extraordinary. However, in order to develop an appropriate strategy for overcoming the crisis of an individual country or developing a strategy for overcoming a global debt-crisis paradigm it is essential to understand why and where individual crises have emerged and which factors have contributed to these crises.
In their annual Schuldenreport (debt report) Jubilee Germany publishes the Global Sovereign Indebtedness Monitor that intends to contribute toward this understanding. This article is now also available in English.