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And the British debt burden grew from 140 percent of G.D.P. in 1918 to 190 percent a decade and a half later.
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The real value of the debt burden grows as prices fall precisely the opposite of what a country needs when it is weighed down by excessive debts already.The rich world's economies are already suffering from a mild case of this "debt-deflation".
PARIS — An austerity push in Europe helped to reduce government budget deficits in 2012 for a fourth consecutive year, official data showed on Monday, but in relation to gross domestic product, national debt burdens grew.
ZURICH -- As worries over Europe's mounting debt burdens grow, the head of the International Monetary Fund said Tuesday that unprecedented cooperation between the fund and the European Union should be seen as a sign that the bloc had finally come up with the means to address its sovereign debt crisis.
Given the heavy volume of concessionary loans provided by China, concern about African countries' future debt burden is growing.
Back in 2009 and 2010, when Osborne was busy comparing Britain to Greece, he made great show of the fact that its debt burden was growing rapidly — a development he promised to reverse.
Unless growth returns, deficits will be harder to close, the debt burden will grow and banks will stay vulnerable.Prolonged recession and high unemployment also raise fears of a political backlash.
The president's fiscal reform plan would bring our deficits down to below 3 percent of G.D.P. over the next four years, so that the debt burden stops growing as a share of the economy.
In other words, the Greek people will go through a lot of suffering, their economy will shrink and their debt burden will grow, and then they will very likely face the same choice of debt rescheduling, restructuring, or default — and/or leaving the Euro.
There is also discussion on the lenders' side of ensuring that interest rates remain low to prevent the debt burden from growing further.
The burden grew.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com