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UK debt is bigger than economy for first time since 1963
Britain’s public debt is larger than the size of the country’s economy for the first time since 1963, after the government borrowed a record £55 billion in May.
ECB prepares 'bad bank' plan for wave of coronavirus toxic debt
European Central Bank officials are drawing up a scheme to cope with potentially hundreds of billions of euros of unpaid loans in the wake of the coronavirus outbreak, two people familiar with the matter told Reuters.
Kyrgyz president pleads for sovereign debt restructuring
The president of Kyrgyzstan has pleaded, during a meeting jointly convened by the United Nations to discuss the impact of the COVID-19 pandemic on the global economy, for his country’s debt to be restructured to allow for more social spending.
Argentina extends $65b debt deadline as 'hardball' talks stoke risk of default
Argentina will extend negotiations over a $65 billion debt restructuring proposal until May 22, the government said, setting the stage for tense last-ditch talks as the South American nation races to avoid default.
Should big money give poor nations debt relief to fight COVID-19?
May 1 was an important day for the world's poorest nations. It was the day the rich club of G20 nations gave debtors a payment holiday until the end of the year, giving developing nations more headroom to pay for healthcare during the pandemic.
Italy unveils punishing public debt, deficit forecasts
Italy's economically punishing coronavirus lockdown, combined with big-spend stimulus packages to support families and firms, will push public debt and deficit to dizzying heights, the government said.
Germany may rein in coronavirus debt if economy improves: Finance minister
Germany may be able to manage the fiscal impact of the coronavirus crisis without exceeding approved debt levels if the economy recovers in the second half of the year, Finance Minister Olaf Scholz said in an interview published on Sunday.
IMF to provide debt relief to help 25 countries deal with pandemic
The International Monetary Fund said it would provide immediate debt relief to 25 member countries under its Catastrophe Containment and Relief Trust (CCRT) to allow them to focus more financial resources on fighting the coronavirus pandemic.
Pakistani PM appeals for debt relief for developing countries
Pakistan has appealed to international stakeholders for urgent debt relief for developing countries so they can deal more effectively with the economic fallout from the coronavirus pandemic, the government said.
World Bank's Malpass upbeat on prospects for progress on debt relief
World Bank Group President David Malpass said he was confident of progress on his joint call with the International Monetary Fund for a temporary standstill in official bilateral debt payments by the world's poorest countries.
Calls for debt relief for world's poorest nations
More than 100 global organizations are calling for debt payments of developing countries to be dropped this year.
Three ways to save UK economy
It has become increasingly clear that businesses are unwilling or unable to take on additional debt during what threatens to be the gravest economic crisis since the 1930s.
ECB rebuts attacks as Visco signals it can buy Italian debt
The European Central Bank signaled it’s ready to buy more debt of nations such as Italy to calm mounting financial panic, and pushed back against political criticism of President Christine Lagarde’s handling of the coronavirus crisis.
Lebanon hopes debt talks could be wrapped up in nine months
Negotiations to restructure Lebanon's foreign currency debt should not last more than nine months if well-intentioned, the economy minister told a local broadcaster, as the country headed for its first sovereign default.

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