Turkey’s woes could be just the start as record global debt bills come due

Source:Washington Post Date:04Sep2018

“We were supposed to correct a debt bubble,” said David Rosenberg, chief economist at Gluskin Sheff, a wealth-management firm. “What we did instead was create more debt.”
Those bills are coming due, and Turkish borrowers, like those in other developing countries, may not have the dollars and euros to pay them back.