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Are Western economies heading towards a debt-induced train wreck?
The sovereign debt crisis of Southern Europe looks to be heading east to Romania and Hungary and the public finances of the G10 countries are looking worse by the month. Saxo Bank’s Chief Economist David Karsbøl believes western economies are heading for a multiple train wreck with the politicians in charge unwilling or unable to take their hands off the throttle. Something really dramatic needs to happen and the sooner the better.
09:31 minutes
Tags: bis, cuts, debt, forex, g10, gdp, macroeconomics, policymakers, reutersforex, tradingfloor
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