Financial Times (November 24)
“A careful, calibrated fiscal adjustment to return a government to sustainability is one thing. A brutish insistence on running surpluses well into the future is quite another.” The EU should avoid “choking off a nascent recovery in the Greek economy and setting back the cause of reducing its debt burden.”
Tags: Calibrated, Careful, Debt burden, EU, Fiscal, Government, Greek economy, Recovery, Surpluses
Bloomberg (May 16)
“Never before has the Bank of Japan done so much to achieve so little. Even after arranging a record stimulus program and reducing a key interest rate to less than zero, the central bank has failed to boost inflation to its goal of 2 percent…. A central bank using up its policy tools doesn’t bode well for a nation with the world’s largest debt burden.”
Tags: BOJ, Central bank, Debt burden, Goal, Inflation, Interest rate, Policy tools, Stimulus
