Reported 5 months ago
Despite warnings from the International Monetary Fund regarding the urgency of addressing increasing debts, Group of Seven finance chiefs are meeting in Italy without the debt issue on the formal agenda, focusing instead on using frozen Russian assets to aid Ukraine and other topics. The sensitivity of the debt topic is attributed to upcoming elections in the US, UK, and EU, as well as Italy's precarious fiscal situation. Concerns persist in financial markets over the mounting debts of G-7 countries and the potential influence of bond vigilantes. The lack of collective resolve on addressing the debt issue raises concerns about long-term fiscal sustainability.
Source: YAHOO