marketoracle.co.uk / By Liam Fisher / Jan 09, 2013 – 01:02 AM
Liam Fisher writes: “The global debt crisis is continuing, largely unabated. While significant measures are being put into place by governments around the world, there is little tangible effect being had on deficits that are continuing to pile up. Indeed, there is only limited agreement amongst economists on the severity of the debt crisis and its implications for the people of the world or the best ways to go about rectifying the problem. Some advocate drastic austerity measures and strict fiscal conservatism, while others take a more Keynesian approach that sees deficit spending as a way out of recession.