And of course, there again is the matter of the soaring national debt.

But the problem of excessive government debt is not confined to the EU.

Every dollar of the short term debt of, say, a Korean bank is a claim on the Korean central bank's dollar reserves, a claim whose origins are beyond the central bank's control.

Will the European Union s sovereign debt woes spread to neighbors such as Turkey?

The issue of public debt in Macedonia, one of Europe's poorest countries, is a touchy one.

Another global financial crisis could disrupt short term capital inflows.

The authors conclude that, by reducing the share of short term foreign currency debt in a country s total liabilities, capital controls can reduce vulnerability to financial crises.

Female oppression is a moral issue but it also must be seen as a choice that countries make for short term cultural comfort, at the expense of long term economic and social progress.

But the problem with austerity in the eurozone is more fundamental policymakers are attempting to address a sovereign debt crisis, though the real problem is a banking crisis. With Europe s banking system triple the size and twice as leveraged as its US counterpart, and the ECB lacking genuine lender of last resort authority, the sudden halt in capital flows to peripheral countries in 2009 created a liquidity starved system that was too big to bail out.

But the problem with austerity in the eurozone is more fundamental policymakers are attempting to address a sovereign debt crisis, though the real problem is a banking crisis.

Projects and programs identified in the short term action plan are estimated to cost 7 billion.

The first is necessary to reduce long term uncertainty the second is essential to facilitate near term growth.

Africa u0027s Debt Dilemma

The Great Debt Scare

The latter problem has only recently begun to surface in debates about exit strategies from sharply increased levels of public debt and money supply.

Yet the short term boost failed in two big ways.

That's a big problem.

In any event, it is a huge mistake to base long term tax policies on the short run business cycle.

Policymakers must simply be willing to forego some of the short term stimulus effects of cheaper energy.

A contentious redefinition of public debt

I have no debt.

Problem

We have a problem. What sort of problem?

We have a problem. What sort of problem?

This implies the need to separate national debt management in the euro area from short term electoral constraints.

So far, the strategy of maintaining banking systems on feeding tubes of taxpayer guaranteed short term credit has made sense.

So, with policymakers and pundits railing against sustained oversized trade imbalances, we need to recognize that the real problems are rooted in excessive concentrations of debt.

Alternatives to a debt restructuring are fast disappearing.

The Root of All Sovereign Debt Crises

The Threat of Greek Debt Relief

Why Ukraine Deserves a Haircut

She has no sense of duty.

And this is not just Uruguay's problem or his problem it's the world's problem.

There's an increased social acceptance of pawnbroking as a means to secure short term, secured financing.

This crisis arose after a significant loss in assets of the Popular Bank of Cyprus and the Bank of Cyprus, due to the debt restructuring plan in Greece, in March 2012.

The Biodiversity Challenge

The Challenge of Balakot

The Trouble with Poland

That's the snag.

A structural problem

There'll be a problem.

Problem solved!

It's a problem.

Is it a problem?

Is that a problem?