Epstein Secrets

research group, has dubbed the "debt supercycle"—has now come to an end. Debt reduction has become a hot political issue. Rioters on the streets of Athens have been protesting against the "junta of the markets" that is imposing austerity on the Greek economy, and tea-party activists in America, angry a

ure on items such as unemployment benefits. The hawks counter that there comes a point when further deficits are self-defeating. Carmen Reinhart and Kenneth Rogoff suggest that the crunch arrives when the debt-to-GDP ratio reaches around 60% in emerging markets and 90% in developed economies. In rich countries

get, and the more pressure builds up on politicians to put an end to the misery. SPIEGEL: What cure would you prescribe? Rogoff: The government in Athens should be granted a kind of sabbatical from the euro, while otherwise remaining a full member of the European Union. The country would leave the m

evelopment: A Different Kind of Growth. Ankle 7. SPIEGEL 'Germany Has Been the Winner in the Globalization Process' Interview with US Economist Kenneth Rogoff 02/20/2012 -- SPIEGEL: Mr. Rogoff, the eurozone finance ministers are likely to soon provide Greece with new loans totalling €130 billion ($171 bi

ed w/ EU & IMF ——Greece aS E 4/22 — Greek civil servants @ stage a 24-hour strike g 6% —Portugal 4 | 3 - - o 5/5 — Violent protests in 5 Fy 4% Athens against proposed —spain 3S 9 austerity measures 2 2 =] 7) s 2% = Ireland = — @ a > Oe 4 0% i} T T T T T T T T T T T T 4/1 4/4 477 «@4110 4

1 1 6 7 1 2 4 3 1 1 3 1 2 1 1 2 1 0 1 1 0 2 0 Top 1-25 Global $32,438 $47,081 -3% 81% $2,790 34,632 57,937 -2 100 2,885 Note: “Carmen Reinhart and Kenneth Rogoff observed from 3,700 historical annual data points from 44 countries that the relationship between government debt and real GDP growth is weak for deb