Chapter 73 18. Which countries are facing difficulties in 2015

Will some countries go bankrupt?Unlike citizens, households, and businesses, countries have their own ways of controlling debt, taking special measures to curb spending and raise revenues.But these countries risk falling into a massive economic crisis and losing investor confidence. We can see that in the next five years, the following countries in Europe will be in trouble: Greece, Ireland, Portugal, Spain, Belgium and Hungary. We can cite the example of Argentina.From 1998 to 2002, Argentina experienced severe economic recession, high unemployment rate, intensified inflation, debt crisis broke out, owed 104 billion euros in debt, and was declared "bankrupt".

In 1989, the price of goods in Argentina soared to 5000%, and almost half of the people became poor. This is something that Argentines still remember. The crisis caused by the fiscal deficit Credit Market Analysis (CMA) publishes a quarterly list of countries in deficit crisis.The analysis of the credit market is based on the insurance premium that investors pay for the risks they may encounter in the exchange of treasury bonds. Ten countries that could face a credit crisis by 2015 1. Greece 58.8% 6. Ukraine 30.6% 2. Venezuela 51.4% 7. Spain 26.7% 3. Iran 41.2% 8. United Arab Emirates 25.5%

4. Portugal 35.9% 9. Hungary 23.6% 5. Argentina 35.4% 10. Iraq 23.1% The real crisis is instability on a global scale.This creates a domino effect, which for many countries leads to a vicious circle.Millions of people on Earth could be affected. On the other hand, it is also humiliating for a country to declare that its economy is in a state of collapse.The impact of raising the poverty line is also huge.For example, if the euro zone countries hope to maintain stability on the international stage, but prove unable to save their currencies, the feasibility of the EU's political and economic system will be questioned again.

One thing is certain, just like the risk of high-interest lending and real estate credit, the US subprime mortgage crisis has shaken the world's economy and finance.