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Borrowing levels have soared during recent global crises. Author and financier Mike O’Sullivan asks if a reckoning is on the way. Have governments already accumulated so much debt that they won't have the resources left to handle the next big disaster - be it another pandemic, a war in Asia, or a global recession? And if so, which nations and regions are mostly likely to bear the brunt? Contributors: Joyce Chang: Chair of Global Research, JP Morgan Barry Eichengreen: Professor of economics and political science at the University of California, Berkeley Ruchir Sharma: Chief Investment Officer and founder, Breakout Capital Raghuram Rajan: Professor of finance at the Chicago Booth School of Business Presenter: Mike O’Sullivan, former chief investment officer for international wealth management at Credit Suisse and author of The Levelling: What’s Next after Globalisation? Producer: Laurence Knight Executive Producer: Rosamund Jones A Whistledown production for Radio 4