>Are our debts sustainable?
>We’ve talked before about the Austerity-Stimulus debate, but a lot of it lies in the sustainability of our debts. According to economists D.Miles & A.Scott:
“the sustainability of the public debt is a function of the size of the stock of debt, its average maturity, and the relationship between the average interest rate and the rate of growth of GNP.”
So saying, are the debts of the developed world sustainable?