US Debt Default: The Knowns – And Unknowns – Unnerve The Globe -- Peter Ford, Christian Science Monitor
World leaders warn that unless the US averts a debt default, the global economy is at risk just as it begins to recover from the 2008 economic crisis.
As they watch the US budget crisis unfold, presidents, policymakers, and ordinary savers across the globe are united by a single fear: that a chaotic US default on its sovereign debt would throw the world economy into a tailspin just as it is shaking off the effects of the 2008 crisis.
In Europe, a US default would sabotage the continent’s nascent economic recovery after years of austerity, local bankers say.
In Asia, it would carve tens of billions of dollars off the value of the US Treasury bonds that China and Japan hold, and lead to a collapse of the world trade on which their economies depend, analysts predict.
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Commentaries, Opinions, And Editorials
China to United States: Don’t Default, For Our Sake -- Dan Kedmey, Time
Kurds and Arabs mustn't fall into Assad's trap -- Hussein Ibish, NOW
Is Iran ready for a nuclear deal? -- Ariel Zirulnick, Christian Science Monitor
The U.S. may cut aid to Egypt. Five reasons that’s a good idea (and six why it’s a bad idea). -- Max Fisher, Washington Post
Top Democrat Slams Obama for Cutting Egypt Aid -- John Hudson, The Cable/Foreign Policy
There Are Two Egypts and They Hate Each Other -- Ashraf Khalil, Time
Is the Nigerian Military Winning Against Boko Haram? -- Guest Blogger for John Campbell, Council On Foreign Relations
Afghanistan Awaits Its Fate At The Hands Of The Taliban -- Sandy Gall, Daily Telegraph
World Bank: Asia Still on Top -- Anthony Fensom, The Diplomat
BBC reports MI5´s warning about terrorists and Snowden leaks. Not one mention of the Guardian. -- Damian Thompson, The Telegraph
Is UK gearing up for fight over Scottish independence? -- Peter Geoghegan, Christian Science Monitor
A Space Race, But On Russia's Terms -- Matthew Bodner, US News and World Report
Rust and Ruin: The Downfall of Antarctic Whaling -- Lazar Backovic, Spiegel Online
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