Global shockwaves hit sovereign debt - Il Foglio

Source: Il Foglio

―

DW NOTE

The title suggests sovereign debt is under global stress, but without the article text, the likeliest mechanism is fiscal strain from war financing and energy disruption. The US alone borrowed $1.8 trillion in the first ten months of FY2026 while its deficit runs 3% higher than last year — and that's before Hormuz closure costs fully filter through. Wars are expensive; rolling them over at higher rates is more so.

Read the full story at Il Foglio →