Page "Stockholm syndrome" Paragraph 12

Recently, in the 9th International Conference " Developments in Economic Theory and Policy " held in Bilbao, by the Department of Applied Economics V of the University of the Basque Country ( Spain ) and the Cambridge Centre for Economic and Public Policy, Department of Land Economy of the University of Cambridge ( United Kingdom ), the concept of Stockholm Syndrome was introduced in economics referring to governments that have been " kidnapped " by financial capital because of their need to refinance public debt.

They are coerced into accepting high interest rates and conditions that compromise their sovereignty.