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DATA also says that, at this point, debt repayments from African nations to the west run at $14.5 billion, exceeding the aid flowing in.
It's time to bring up a decidedly unromantic point: Debt is a fact of life for most millennials.
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The WGI refers to the welfare gain per percentage point of debt reduction while TSC measures the combined reduction in social transfers and unproductive expenditure per percentage point of debt reduction.
At this stage, the bigger sticking point is debt relief.
"At some point, a debt restructuring remains unavoidable," Mr. Deo said in a research note.
It's not a William Hague moment, but Annabel uses her moment in the spotlight to make a point about debt.
At some point some debt "forgiveness" will again be on the agenda and Germany, in particular, will have to accept the reality of the situation.
The Greek protests have forcibly made the point that debt sustainability is ultimately a matter of political resolve.At best, European leaders may buy more time.
And, at some point, the debt will get so large that big tax increases and spending cuts will simply go to pay interest.
Emerging economies have long been told that "financial deepening" is essential to pay for the new roads and factories that they need.Beyond a certain point, though, debt seems to be bad for the economy.
"We are starting at a point without debt, with a great collection, with world-class curators and with increasing donations, and that's what I have to work with every day".
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