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debt management in a changing global environment as well as challenges faced by developing countries.
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list of sovereign debt crises involves the inability of independent countries to meet its liabilities as they become due. These include: A
sovereign default, where a government suspends
debt repayments; A
debt restructuring plan, where the government agrees with other countries, or unilaterally reduces its
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debt crisis (often also referred to as the eurozone
crisis or the European
sovereign debt crisis) is a multi-year
debt crisis that has been taking place in the European Union since the end of 2009. Several eurozone member states (Greece, Portugal, Ireland, Spain and Cyprus) were unable to repay or refinance their government
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Debt restructurings peaked in 2009
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