NEW: ‘US debt ceiling crisis results from reckless politics fuelled by dollar hegemony’

The US debt ceiling crisis is the result of reckless politics driven by dollar hegemony, reported the South China Morning Post, a Hong Kong-based English-language daily.

Any other economy would have been punished far more severely by markets for its politicians’ brazen abuse of the country’s financial system and creditworthiness, said the report.

“However, U.S. monetary hegemony gives its politicians too much leeway to endanger national and global stability,” it said. – Xinhua

 

Related Posts

NEW: Persons with disabilities should be given equal opportunities to contribute to development — Dr Mhishi

Sharon Jiyamwa recently in SHAMVA PERSONS with disabilities should be given equal opportunities to learn, work, do business and contribute to the country’s development. This was said by philanthropist Dr…

NEW: Five men arrested in Mashonaland Central for raping a minor

Rumbidzayi Zinyuke FIVE men have been arrested in Mashonaland Central province after they allegedly sexually exploited a 14-year-old girl on different occasions. The arrests followed a joint operation involving traditional…

Leave a Reply

Your email address will not be published. Required fields are marked *

×