Like overstretched American homeowners, governments and companies across the globe are groaning under the weight of debts that, some fear, might never be fully paid back.
Kamran Jebreili/Associated Press
Men followed developments at Dubai’s stock exchange on Monday. The emirate’s main index slid more than 7 percent on the fist day of trading since officials announced the city-state’s debt crisis.</p>
As Dubai, that one-time wonderland in the desert, struggles to pay its bills, a troubling question hangs over the financial world: Is this latest financial crisis an isolated event, or a harbinger of still more debt shocks? After Dubai, Wondering Where the Next Debt Bombs Lurk – NYTimes.com