This 775-word text defines global debt, explains how to measure global debt and compares the level of debt in some countries. It talks about the difference between emerging markets and advanced economies in terms of debt, it discusses the reasons for the current debt issues and it compares past and present financial crises. The reading test includes: matching headings to paragraphs; true, false, not given; open answer questions; summary identification exercise; reference words and a vocabulary task.
