EXTERNAL EXPANSION LIMITED

EXTERNAL EXPANSION LIMITED
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Wednesday 26 November 2014

#Eurozone needs to escape cycle of #creditbooms


Opinion: we need to escape from this apparently relentless cycle

The People’s Bank of China headquarters in Beijing. Photograph: Petar Kujundzic/Reuters
The People’s Bank of China headquarters in Beijing. Photograph: Petar Kujundzic/Reuters


Huge expansions in credit followed by crises and attempts to manage the aftermath have become a feature of the world economy. Today the US and Britain may be escaping from the crises that hit seven years ago. But the euro zone is mired in post-crisis stagnation and China is struggling with the debt it built up in its attempt to offset the loss of export earnings after the crisis hit in 2008... (Read more)

External Expansion, www.externalexpansion.net,

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