Global Debt Crisis ExplainedInterest-Rates / Global Debt Crisis 2012 Jan 09, 2013 - 01:02 AM GMT
Liam Fisher writes: "The global debt crisis is continuing, largely unabated. While significant measures are being put into place by governments around the world, there is little tangible effect being had on deficits that are continuing to pile up. Indeed, there is only limited agreement amongst economists on the severity of the debt crisis and its implications for the people of the world or the best ways to go about rectifying the problem. Some advocate drastic austerity measures and strict fiscal conservatism, while others take a more Keynesian approach that sees deficit spending as a way out of recession.
In this infographic from IronFX.com , we look at the current state of the world debt crisis, using the most up-to-date data available. We consider some of the important distinctions to be made in discussions of sovereign debt, the size of the debt burdens of some of the world's major powers, their debts relative to GDP, the policy decisions that helped cause the problem, and some of the measures being employed in the name of improving the situation."
By Liam Fisher
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18 Jan 13, 15:48
A better explanation of cause of debt crisis
The article fails to finger the reason for all the debt.
This little video https://www.youtube.com/watch?v=P8fDLyXXUxM&feature=player_embedded does a fine job of it though.