When you have high levels of indebtedness and big deficits… if you simply impose fiscal austerity, you may not be able to achieve your targets because GDP will begin to contract and that will place much greater pressures on the fiscal side.
Larry Hatheway — When you have high levels of indebtedness and big deficits…
When you have high levels of indebtedness and big deficits… if you simply impose fiscal austerity, you may not be able to achieve your targets because GDP will begin to contract and that will place much greater pressures on the…