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Like many nations, France came out of World War I with very large debts, peaking at 240 percent of GDP according to this recent IMF presentation (pdf, slide 17).
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The current policies of the International Monetary Fund (IMF) present a major obstacle to expanded spending.
The top plot showed the original time series, followed by the IMF series (IMF 1 to IMF 9), and the bottom plot represented the 'residual' series.
Endnote: In September , 2009 I gave a presentation to members of the International Monetary Fund (IMF) explaining the corrosive atmosphere that allowed the largest Ponzi scheme in the history of the capital markets to flourish: "Wall Street's Fraud and Solutions for Systemic Peril".
(Tim Duy) Rethinking macro policy (IMF).
But IMF help is nevertheless urgently needed.
IMF loans have almost invariably been repaid with interest.
Its essence was "stuff the IMF and carry on spending".
Many big IMF decisions require an 85% majority.
The International Monetary Fund (IMF) denounced his policies as reckless.
Egypt is a member of the International Monetary Fund (IMF).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com