Flattening the debt curve, The evolving role of Swift and more
THE WEEKEND REVIEW OMFIF
Latest opinion and analysis from OMFIF around the world
22-26 June 2020, Vol.11 Ed.24
Flattening the debt curve: Throughout this crisis, household, business and government debt has risen. With Covid-19, the only effective strategy was flattening the curve through firm action to contain the virus. Similarly, the debt crisis could spread as escalating non-payment produces a domino effect. The market’s confidence in a medium-term recovery is key. Investment in financial markets will be one sign of confidence. As the debt mountain is flattened, the default casualties decrease, writes Herbert Poenisch. Read more.