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MercoPress, en Español

Montevideo, November 15th 2024 - 07:08 UTC

Tag: G7 Japan 2016

  • Thursday, May 26th 2016 - 11:51 UTC

    A debt agenda for G7 meeting in Japan

    In the United States, the Congressional Budget Office estimates that the federal government debt doubled over the past decade, from 36% of GDP to 74% of GDP.

    By Martin Feldstein - On May 26-27, the heads of the Group of Seven leading industrial countries will gather in Japan to discuss common security and economic problems. A major common problem that deserves their attention is the unsustainable increase in the major developed countries’ national debt. Failure to address the explosion of government borrowing will have adverse effects on the global economy and on debt-burdened countries themselves.