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Debt crisis
Large numbers of workers from different sectors protest against inflation and in favor of higher wages in Buenos Aires, Argentina, on Aug. 17, where inflation has soared. Pablo Barrera/Anadolu Agency via Getty Images hide caption
An economic perfect storm is battering emerging markets. Debt crises loom
A Puerto Rican flag hangs from the balcony of a house in San Juan, Puerto Rico, on May 1. Erika P. Rodriguez/Bloomberg via Getty Images hide caption
A security guard stands at the gate of the Governor's Mansion, known as the La Fortaleza, in San Juan, Puerto Rico. Christopher Gregory/Bloomberg via Getty Images hide caption
Puerto Rico faces a financial crisis with a debt of $72 billion. Joe Raedle/Getty Images hide caption
The Puerto Rican capitol building in San Juan is seen on July 1, 2015. The island's residents are struggling to cope with the government's $72 billion debt. Joe Raedle/Getty Images hide caption
A demonstrator protesting the negotiations with Puerto Rico's creditors in July holds up a sign that reads, "We didn't take out a loan. We didn't see a dime. We're not going to pay." AP hide caption
The Anglo Irish Bank logo is pictured on a computer screen in London. Ireland warned on Thursday that the state rescue of Anglo Irish Bank could cost 34.3 billion euros, pushing the public deficit up to 32 percent of economic output this year. The potential rescue bill, equivalent to 46.6 billion dollars, is roughly the same as Ireland's annual taxation revenues. Ben Stansall/AFP/Getty Images hide caption