Showing posts with label primary surpluses. Show all posts
Showing posts with label primary surpluses. Show all posts

Saturday, March 22, 2014

22/3/2014: Mind the Gap... Primary Balances Gap...


Here's a chart from Pictet showing precisely why all the austerity has been the case of too-little-to-date when it comes to stabilising debt ratios across the euro area:

And do note 'best in the lot' country of Ireland against the 'laggard' Italy... One wonders, how Messrs Kenny & Noonan are going to plug that gap while delivering tax cuts and jobs programmes?..