By Raju Prabath Lankaloka The mass struggle taken place in Sri Lanka, which forced Gotabhaya flee from country, immediately prompted the most frantic discussion amongst representatives of the ruling class, who are terrified of similar events occurring elsewhere. As the Financial Times wrote in the week following Rajapaksa’s overthrow: “Economic pressures bring political instability – and today economic pressures are everywhere.” Bloomberg warned that a “historic cascade of defaults is coming for emerging markets”. More than 19 countries, with a population of more than 900 million people, have debt levels…
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