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Europe reducing its deficit
Debts of even most indebted countries are not problematic
If a country has not lost credibility among investors, it can repay its debts over many years – concluded the panellists of XX Economic Forum in Krynica.
- Japan is a perfect example; its debt exceeds 200 percent of GDP, and in spite of this fact nothing goes wrong – explained Ryszard Petru, the chief economist of BRE Bank. – The country is perceived as one of the reachest, and there is a great interest in its bonds.
4 PERCENT at this pace Eastern European economies should grow next year
Professor Witold Orłowski, the chief economist of PricewaterhouseCoopers, who presented during the forum the latest report compiled by PwC ‘Hard Landing 2’, explained that after recovery from recession we can observe anxiety in Europe and the world about the method and speed of reducing deficits. – In fact, besides Hungary, no European country has problems with excessive debt –...
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