The whole world is facing a debt crisis – but richer countries can afford to stop it
- Written by Patrick E. Shea, Senior Lecturer in International Relations and Global Governance, University of Glasgow

Countries across the world are drifting towards a debt crisis. Economic slowdowns and rising inflation have increased demands on spending, making it almost impossible for many governments to pay back the money they owe.
In normal times, those countries could simply take on new debt to replace the old debt. But...