A sobering message to control debt

Blog, Poverty, Marco Navarro-Genie

The British and the Canadian prime ministers yesterday called for a restoration of responsibility in fiscal policy, namely the management of debt.  As if to underscore their appeal, the markets took a serious tumble across the board in fear of an impending global recession propelled by debt burdens in Europe and in America.

Harper said that

without a will to address growing uncertainty to decisively [sic] tackle what are, in some cases, dangerous and unsustainable levels of national indebtedness, without actions on these matters, the world will not avoid such consequences [a global recession].