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A reset is plausible – BY RAJPAL ABEYNAYAKE Source : sundayobserver.lk This country is in debt to the tune of some US$ 52 billion and no doubt it has been highlighted in this column and by many other writers in the recent past, debt has been the major problem that has caused the economic meltdown. While this is correct and there has been serious mismanagement, under certain circumstances, Sri Lanka’s situation would not have been considered serious at all in a different context. 52 billion in debt is a lot, and it is clear we cannot afford the debt, especially when revenue dries up in bad circumstances such as the Covid-induced world economic slump. But it’s is not as if the 52 billion would have had to be serviced in its entirety — at least that would have definitely not been the case until we defaulted. The debt servicing for the ...