My question for John Redwood this morning - Mass debt foregiveness.
Martin Cole
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I am interested in this sentence of your posting “The
government is not rushing to cancel this debt. No doubt it is worried
how such a course of action would be perceived by the markets and
media.”
I am wondering if you believe that such is the only fear preventing such a course and if so what you consider the consequences of a mass worldwide cancellation of Western debt, which would tend to neutralise market and media adverse reactions, and whether that is not perhaps where the present direction of travel is leading at least the Euro, Dollar Pound and Yen?
I am wondering if you believe that such is the only fear preventing such a course and if so what you consider the consequences of a mass worldwide cancellation of Western debt, which would tend to neutralise market and media adverse reactions, and whether that is not perhaps where the present direction of travel is leading at least the Euro, Dollar Pound and Yen?
Labels: Britain's debt, IMF
posted by Martin at 7:34 AM
