Translation for "schuldenspirale" to english
Translation examples
Die Umwelt litt darunter, die neuen Chemikalien laugten die Böden aus, und viele Bauern gerieten in eine Schuldenspirale, weil sie Geldverleiher in Anspruch nehmen mussten, die horrende Zinsen verlangten (wie so oft zahlten die Armen hier für ein und dieselbe Ressource mehr als die Reichen).
In an environmental context that was already becoming more stern, many farmers exhausted their land with the new chemicals and entered an impossible spiral of debt, usually incurred to local money-lenders who charged extremely high rates of interest (in this, as in so many things, the poor paid more than the rich for the same resource).
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