archivePLCY

Higher rates feed developed economy debt worriesHuge spending needs, interest payments to keep debt highU.S., Italy, Britain most concerningCredible spending plans, tax hikes, higher growth neededLONDON, Oct 16 (Reuters) - Record debts, high interest rates, the costs of climate change, health and pension spending as populations age and fractious politics are stoking fears of a financial market crisis in big developed economies.A surge in government borrowing costs has put high debt in the spotlight, with investors demanding increased compensation to hold long-term bonds and policymakers urging caution on public finances.Over...