debt crisis
Overwhelming obligation situation
A debt crisis occurs when a government, institution, or economy cannot meet its debt obligations—either unable to repay principal or make interest payments.
The term usually describes national or regional financial emergencies: the European debt crisis, the Latin American debt crisis of the 1980s.
A debt crisis often triggers austerity measures, bailouts, or defaults, with effects rippling through global markets.
- defaultPreset standard option
- austerity measuresPolicies reducing government spending
- budget cutsPlanned spending reductions
- unemploymentBeing without paid work
- inflationSustained price level increase
overspending · recession · credit crunch · economic collapse · currency devaluation · too big to fail · emergency funds · capital flight · bankruptcy · poverty · insolvency · political instability · social unrest · trade deficits · speculative bubbles · junk bond · international aid · creditors
- debtcreditor, owe, debtor, lender, unpaid
- GreeceAcropolis, Parthenon, Athens, Greek, Hellenic
- crisesemergency, disaster, natural disaster, catastrophe, calamity
- economic crisisrecession, depression, collapse, downturn, contraction
- global issuesclimate change, water scarcity, inequality, pandemics, poverty
- modern economicsGDP, GDP growth, recession, inflation, interest rates
debt crisisfiscal surplus
Revenue exceeding outlays
budget surplus · balanced budget · fiscal health · fiscal stability · solvency
debt crisiseconomic boom
Sustained period of growth
financial stability · bull market · economic expansion · economic recovery · growth period