Thursday 5 February 2015

BBC News - Global debts rise $57tn since crash

BBC News - Global debts rise $57tn since crash:



"After the explosion of borrowing in the boom years that led to the great crash and recession of 2007-08, most governments - especially those of rich developed countries - said they would embark on policies that would lead to greater saving, debt reduction and what's known as deleveraging.



They implied they would encourage prudence, so that the sum of household, business and government debt would fall.



So what has actually happened to global debt?"



'via Blog this'

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