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He attributed Europe's spiraling debt problems to its lack of political leadership.
Two more recent deals have also led to spiraling debt loads and layoffs.
It will not be able to do so in a global environment of spiraling debt, austerity and protectionism.
Today, the spiraling debt ranks well ahead of too-high taxes on the list of economic concerns.
If non-Japanese creditors demanded higher yields to compensate for low growth, the country's dependence on short-term borrowing would quickly lead to spiraling debt service costs.
Now, as I understand it, the Tea Party movement is angry about waste, bail-outs for the rich and spiraling debt.
Similar(23)
On the same weekend that Americans celebrated a long-ago victory against British colonial overlords, the small but proud nation of Greece stood up to reject the failed austerity economics, proscribed by European bureaucrats and bankers, that has driven the country into spiraling, debt-driven dependency and depression.
Beyond that, many are caught in spiraling debts to the employment agencies that brokered their contracts and are meanwhile breadwinners for their husbands and children in their home countries.
I call Keith Tondeur, of Credit Action, which monitors Britain's spiralling debt problem.
Not only are there the usual disagreements over how to deal with spiralling debt, fight corruption and create jobs.
She warned prospective borrowers not to use payday lenders like Cash Converters, saying she had become caught in "spiralling debt".
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