Re: Another Example
If pretty much the whole developed world is in debt, who owns this debt? The banks?
Since the weeds that are choking the flowers is interest payments, perhaps we need a UN led initiative to allow a certain amount of 'recovery' time to re-stimulate the world economy.
E.g. An interest free year on national debt for ALL countries.
Obviously not going to happen, but perhaps it's time to start thinking of what can be done on a larger scale than trying to sort this out at a national level.