The history of sovereign debt defaults has a common thread of too much debt accumulation by both the government and businesses where the accumulation becomes an integral part of the national system of business and government. The use of debt by governments is a politically easy way out of increasing taxes that people do not want. It is also a good mechanism to make the economy appear as though it is growing when, in fact, it is false growth. Sovereign debt defaults as well as economic, currency and banking crises buy instagram Followers Cheap are all interrelated. Sovereign debt crises occur when a government cannot or will not pay interest..
Murray T. Holland is a resident of Dallas, Texas. He graduated in 1975 from Washington and Lee University with a B.S. in Chemistry and Biology. He earned an M.B.A. from the University of Virginia in 1978 and a law degree from Washington and Lee University in 1980. During the 1980s, he practiced corporate and securities law with Drug rehab Akin, Gump, Strauss, Hauer and Feld in Dallas, Texas. In 1987, he became an investment banker in New York with First Boston and later moved to Kidder, Peabody & Co. where he was a Managing Director. In the early 1990s, he started the private equity firm of Convergent Associates, based in Dallas, Texas