Life After Debt
Mexico's announcement, in 1982, that it couldn't keep up with its international debts triggered a crisis: the inability of debtor countries to repay their bank loans seemed to threaten the collapse of the world financial order. Five years later, it's still standing, though the volume of debt is greater than ever. On the eve of the annual meetings of the World Bank and the IMF, Peter Oppenheimer asks what kind of threat the debt problem poses now - and whether it can go on indefinitely.
Producer FRASER STEEL
(Re-broadcast tomorrow 11.00am LW)