Good story.
It is more or less a given that Argentina (barring a miraculous quick deal with creditors), Ecuador and Zambia will join Lebanon in default.
Open question is who else ... https://www.ft.com/content/e3634816-66bd-4355-bc71-156016761dab
It is more or less a given that Argentina (barring a miraculous quick deal with creditors), Ecuador and Zambia will join Lebanon in default.
Open question is who else ... https://www.ft.com/content/e3634816-66bd-4355-bc71-156016761dab
Ultimately the answer, for vulnerable large countries like Turkey, will depend both on the country's own choices and the IMF's lending decisions. (Turkey in my view still has a sustainable public sector balance sheet, so it should avoid default -- politics permitting)