Default in the United States

Germán López Gorraiz, press photo

Germán Gorraiz López: Default in the United States?

OPINIONThe visceral bitterness between Democrats and Republicans in the US could prevent the necessary agreement from being reached to raise the US debt ceiling and thus avoid 'in extremis' the suspension of payments or default, which could lead to a repeat of Wall Street's Black Thursday, the stock market crash of 24 October 1929.