Global public debt, at all times extra! | EUROtoday

” L‘whole world economy is based today on gigantic debt pyramids, supporting each other in a fragile balance, “frightened in October 1998, in a stunning discussion board Figarothe Nobel Prize in economics Maurice Allais. “No doubt has such potential instability had appeared with such a threat of a general collapse,” he added.

Since this alert launch, debt pyramids gathered by states and companies have continued to rise at a dizzying tempo till they exceed as we speak, in accordance with the OECD, $ 100,000 billion.

On its personal, the general public debt of the economically developed international locations on the planet alone ought to climb this yr to $ 59,000 billion, or 85 % of Leu …