Sovereign debt as emerging challenge of hybrid warfare

Abstract

The current dynamic security environment is shaped by various hybrid threats and risks of a military and non-military character. Emerging challenges in the public sector deficit covered via sovereign debt financing are increasingly open for hybrid influence. Diverse deficit budget financing resources, variable geo-economics poles and military oppositions convert the debt leverage to an effective manoeuvre for geostrategic actions against financial systems’ stability. This article accepts and elabo-rates on the thesis that sovereign debt underwriting could be seen as a hybrid threat to the state’s security.