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The jury is still out on what to do about record global debt levels
Go for growth and infrastructure spending? Raise taxes? Issue bonds? As the debate rages on, global debt levels have hit an estimated US$272t
George Soros proposes that the European Union and its member states issue perpetual bonds.
PHOTO: REUTERS
London
THERE is an ongoing debate about what countries should do to tackle global debt levels that have now soared to a record US$272 trillion as at the end of the third quarter, going by estimates by the Bank for International Settlements (BIS) and Institute of International Finance (IIF...
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