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05-29-2010, 04:21 AM #1
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Citigroup: Global Public Finances in Worst Shape Since 1900
Citigroup: Global Public Finances in Worst Shape Since 1900
Friday, 28 May 2010 08:02 AM
By: Dan Weil
The government finances of developed countries have deteriorated to the worst condition in more than 100 years, says Citigroup Chief Economist Willem Buiter.
“The public finances in the majority of advanced industrial countries are in a worse state today than at any time since the industrial revolution, except for wartime episodes and their immediate aftermaths,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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