We must end this addiction to debt as the engine of growth - Telegraph
Is this a sustainable economic model?
The answer from the venerable Basel-based Bank for International Settlements is a definitive no. “As history reminds us, there is little appetite for taking the long-term view”, the BIS thunders in its latest annual report.
As usual the big question is ignored - when the addiction grows and grows, when and how will the day of reckoning come?
Is this a sustainable economic model?
The answer from the venerable Basel-based Bank for International Settlements is a definitive no. “As history reminds us, there is little appetite for taking the long-term view”, the BIS thunders in its latest annual report.
As usual the big question is ignored - when the addiction grows and grows, when and how will the day of reckoning come?
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