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| The '''Debt Crisis''' is the general term for the proliferation of massive ] ] relative to ] ], especially in reference to Latin American during the 1980s, and the United States and the European Union since the mid-2000s. <ref>"Europe Banks Selling Sovereign Bonds May Worsen Debt Crisis" - SFGate</ref><ref>"Who is Handling Debt Crisis Better, United States or Europe" - US News</ref> | The '''Debt Crisis''' is the general term for the proliferation of massive ] ] relative to ] ], especially in reference to Latin American during the 1980s, and the United States and the European Union since the mid-2000s. <ref>"Europe Banks Selling Sovereign Bonds May Worsen Debt Crisis" - SFGate</ref><ref>"Who is Handling Debt Crisis Better, United States or Europe" - US News</ref><ref>"Europe's Web of Debt" by Nelson D. Schwartz, New York Times</ref> | ||
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Revision as of 15:20, 9 November 2011
The Debt Crisis is the general term for the proliferation of massive state debts relative to tax revenues, especially in reference to Latin American during the 1980s, and the United States and the European Union since the mid-2000s.
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