The U.S.-Israeli war on Iran is threatening to make the dire state of government finances around the world even worse, the International Monetary Fund warned on Wednesday. The high level of public debt — and, more importantly, the alarming implications of its upward trend — have been a key concern of the Fund in recent years. Those worries have only deepened as the latest energy shock has prompted a wave of budget-busting measures across Europe and further afield to protect voters and