Wednesday, 27 May 2015

WORLD DROWNING IN DEBT, WARNS GOLDMAN; ECONOMIST WARNS OF PRIVATE PENSION FUND SEIZURES; HSBC FEARS WORLD RECESSION WITH NO LIFEBOATS LEFT…

The world is sinking under too much debt, ageing global population means countries’ debt piles are in danger of growing out of control; European chief executive of Goldman Sachs Asset Management. “There is too much debt and this represents a risk to economies. Consequently, there is a clear need to generate growth to work that debt off but, as demographics change, new ways of thinking at a policy level are required.”

The peoplevoice

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