Entradas Etiquetadas con ‘Sovereign debts’

The last G20 meeting in Toronto ended with a strong recommendation to reduce fiscal deficits over the next few years. The objective is to cut the deficits in half by 2013, in particular in the developed countries, while it remains as a suggestion for emerging countries. It is not surprising that the recommendation is stronger for the developed countries, given that they incurred the highest deficits fighting against the recession, and are therefore most in need of this fiscal adjustment. And for once, in this respect Europe rates better than the United States. Seguir leyendo…