Weaker Economy Debt Crunch Causing Pressure on Financially Vulnerable Nations (Escanaba/Delta County Model)

Source Reuters

 Apparently weaker economies are going to have a debt crunch of some type. Read this article by Reutters, 'Analysis: Debt crunch looms for weaker economies with a wall of bond maturities ahead' Their main arguments are: 

1. Higher interest rates

2. Slow global growth

3. Repayments of high yield international bonds $30 billion (major increase)

Both of these are seen as contributing to a difficult to manage the debt of many emerging economies. 

Some of the risks one can see from this are:

1.) Debt default of struggling nations and contagion effect.

2.) Russia conflict its pressures on the market. 

3.) Raising the cost of borrowing on other nations. 

I'm thinking of this from the perspective of my theory as it relates to Escanaba/Delta County Michigan and how the global market might impact it. From what I can tell the bond costs might impact refinancing. It is something to keep in mind as we discuss costs of projects, bonds, etc. Food for thought.