CSPAN2 Today In Washington December 20, 2011
government debt coupled with slowed gdp growth. the largest european countries are expected to have gdp growth at 1.3% for 2012. the imf has also produced a long-term real gdp forecast in which they have discovered most of the european zone will have less than 2% gdp growth by 2016. if we take a book at the household and financial debts in europe, we find that the u.k.'s debt to gdp ratio including household and finances is over 900%. japan is over 600%. the u.s. is over 300%. they are drowning in debt. a recent article from economist at the european central bank says that there is a...
Source: archive.org