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Debate still rages, among both experts and the public, on whether his critical decision to guarantee deposits in Irish banks, which meant the country taking responsibility for their gigantic debts, avoided complete collapse or made a dire situation even worse.
Germany is amassing gigantic debts and we have to pay everything back.
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There are many states without collective bargaining that still face gigantic debt crises.
There never was an exit strategy to unwind the gigantic debt buildup.
Verizon, along with rivals like SBC Communications, BellSouth and Deutsche Telekom, all have plenty of their own problems without taking on WorldCom's, which include gigantic debt and an accounting investigation by the Securities and Exchange Commission.
We're high on their banking system, therefore; these countries didn't have to run gigantic debt or deficits to bail out their financial systems.
And didn't the the big banks' last attempt to lend their way out of a precipitous economy, in the late 1980s, lead to gigantic bad debts?
The much bigger question, though, is whether it can be strong enough to raise Japanese living standards once more and to enable the country to overcome the huge problems that confront it: its gigantic public debts and the costs imposed by the ageing of its population.To overcome those burdens, Japan needs to achieve strong, steady economic growth over many years, not just one or two.
It gave us the Iraq war, the Great Recession and a gigantic national debt--instead of peace, full employment and a balanced budget, which Bill Clinton had just accomplished.
That is, we have the ability to pay our debts, as gigantic as they may seem.
Deflation will push up the real cost of gigantic corporate and consumer debts, and reducing them to size will be challenging.
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CEO of Professional Science Editing for Scientists @ prosciediting.com