| Summary: | Public Debt Dynamics of Europe and the U.S., provides the evidence and implications of current policies by sovereigns and central banks, in dealing with the debt abyss. It brings in perspective the diversity of opinion reigning in modern economics and finance and outlines the themes which, among themselves, are defining the society in which we live. Our epoch has accepted the theory that leveraging is good for a person, a company or even a nation. This has led to the debt syndrome and its disastrous aftereffects. Throughout the book evidence emerges that piling up public debt can lead to an unmitigated disaster. This is demonstrated through case studies on Greece, Spain, Italy, France and the United States – in short, those western countries that nowadays have lost control of their senses and of their economy. This book uses real life examples, using case studies as evidence of good and bad approaches to social, economic and financial life. Live events also help as undisputable demonstrators of successes and failures in the search for solutions in getting out of the hole western governments find themselves. As Denis Healey, a former British chancellor of the Exchequer, once said: “The first law of holes is that if you are in one stop digging.” Provides insight and implications on the current policies of sovereigns and central banks Uses real life practical examples and case studies on Greece, Spain, Italy, France and the United States Examines developing countries, particularly BRICS, and their exposure to debt Focuses on public health and the effects it has on the economy Abenomics; Argentina; Assets bubble; Bad investments; Bail-ins; Bailouts are not handouts; Balanced budget; Bank bailouts; Battling against austerity; Beleaguered government; Brazil; Britain; Budgetary discipline; Casino society; Collective responsibilities; Competitiveness; Cost of exit; Creative destruction; Credit default swaps; Currency wars; Current account; Cutting entitlements; Debt and decline; Debt and growth; Debt ceiling; Debt is a timebomb; Debt reduction; Debt's daisy-chain; Debt's danger zone; Decline of Japan; Defeatist slogans; Democratic cleptocracy; Did PSI help?; Downsizing of public debt; Drachmageddon; Drift by governments; East-Asia syndrome; Economic change; Economic options; Effect of state bankruptcies; Elusive growth; Emergence of China; Emerging markets; Euroland and Greece; Euroland's taxpayers; European Central Bank (ECB); Exit from Euroland; Expected results; Fakelakia; Fantasy economics; Financial stability; Fiscal discipline; French balancing act; French banks; French dilemma; French public debt; Funding gap; Germany; Globalization; Government bailouts; Health care bankrupts America; Human life; Iceland; Impact of bailouts; India; Ineptocracy leads to bankruptcy; Internal devaluation; Ireland; Italian balancing act; Italian debt; Italian parliamentarians; Italian premium; Labor unions; Lack of ethics; Latvia; Leveraging; Limit to socialist policies; Living standards; Monkey money; Neptocracy; New moral code; Outright Monetary Transactions (OMT); Parallel currencies; Personal responsibilities; Policy of grabbing; Private Sector Involvement (PSI); Public debt; Public health care; QE35 releveraging; Quantitative easing; Restructuring; Rising health care costs; Sequester; Slavery of debt; Sovereign bailouts; Sovereign debt; Spain in free fall; Spanish banks; State politics; Sweden's example of coming up from under; Systemic risk; The BRICS; The Greek economy; The banks' exposure; The myth of benevolent Troika; The big short; Treasury refinancing; Truth and flatteries; Uncontrolled exit; Unemployment; Unsolved political issues; Unsustainable expenditures; Unwarranted health care endowments; Wanting fiscal policy; Web of debt; Worst-case scenario; bad banks; too big to jail;
|
|---|