Upswing in danger

The interest rate hikes in America are causing trouble for the world. The situation is particularly threatening in countries that are heavily indebted in dollars.

This commentary is from the column “Mayers Weltwirtschaft” (Mayer’s World Economy) which was published in the FAS (Frankfurter Allgemeine Sonntagszeitung) and is available online at www.faz.net (in German only).