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America One News
30 Apr 2025
#economy
The Telegraph: Most of the world is mired in debt. This tiny group of countries is propping us up
Rachel Reeves attended the IMF meeting, mistakenly believing she was among the global elite. True elite nations maintain a low profile at such gatherings, often avoiding them altogether, and are not part of the EU or G7.
These countries balance budgets and run surpluses, benefiting from vast oil reserves and small populations, contrasting sharply with the debt-ridden G7 nations. Britain relies on these nations for funding its budget deficit.