Posted on 05/20/2016 3:14:57 AM PDT by Java4Jay
Participants of the symposium agreed that instead of relying on short-term fiscal stimulus or monetary policy, structural reforms combined with appropriate investment are solutions to achieving sustainable growth, a G7 source said.
(Excerpt) Read more at yahoo.com ...
“It’s important that we promote structural reforms and cut public debt, rather than use fiscal policy to stimulate growth.”
http://www.dailysabah.com/money/2016/05/19/currency-wars-fiscal-stimulus-rift-in-focus-at-g7-meeting
Prime Minister David Cameron and German Chancellor Angela Merkel have both cautioned Abe that austerity and balancing the books is the way forward rather than borrowing or printing cash to solve the world’s economic problems.
http://www.moneyinternational.com/news/g7-summit-row-solution-failing-economies/
Economic policy via Fleetwood Mac.
“There is high nervousness in financial markets fostered by huge government debt and excess liquidity around the globe “
As long as we have to borrow our money at interest from a central bank we will never be debt free.
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