The incentives to reduce the debt overhang are more compelling today than about half a century ago.
Or maybe they will reduce the debt overhang of a traditional college degree by getting a three-year B.
Outlook: With their debt overhang and lack of fiscal unity, it will take quite some time before Europe, as a whole, recovers.
Most of the options for dealing with the debt overhang are unpalatable.
Legal reforms that made it easier to reduce this debt overhang would allow a more efficient allocation of capital and hence boost investment.
Even if borrowing costs remain at their historic lows in perpetuity, this kind of debt overhang is more dangerous than any mild bureaucratic shuffle necessitated by the 1% trim.
After all, it is said, the huge debt overhang from the country's rotten banking system and the actuarial deceit of its postal- and insurer-based retirement systems is just Japan owing itself.
After all, it is said, the huge debt overhang from the country's rotten banking system and the actuarial deceit of its postal- and insurer-based retirement systems is just a case of Japan owing itself.
This would have the effect, principally on the U.S. as the issuer of two-thirds of world reserves, of removing the debt overhang which has made trade deficits, government overborrowing, and hot money bubbles the way of life.
No wonder many top policy makers fear the U.K. economy is "turning Japanese, " doomed to repeat Japan's two lost decades as economic activity is sapped by a debt overhang with all the risks that capital becomes obsolete and skills erode through under-investment.
But even if the boom is already turning to bust, joining the euro would also be extremely risky since British interest rates might then need to fall below euro-area rates in order to nurse an economy suffering from a debt overhang and weak consumer demand.
He drew on a warning from economists about this economic downturn and said: "Normally a state debt is with its own inhabitants but this time it is international so you cannot increase tax to hit debtors, pensions and demography are against us at this moment in time, and other instances of debt overhang there has not been the same level of personal debt".
But if there is great uncertainty about the safety of the treasury market due to the debt ceiling overhang, perhaps the .
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He told MPs they reflected the "overhang of debt", squeezed household incomes and the eurozone crisis.
The overhang of debt, high unemployment, rising taxes and rising interest rates make robust, long-term growth unlikely.
Blankfein appeared next to the authors of the Simpson-Bowles plan to avoid the fiscal cliff and balance the US budget while reducing the dangerous overhang of debt.
An entrepreneur with global experience and a major gold position tells me there is no policy panacea for the sluggish condition of the U.S. economy and the overhang of debt plaguing us.
Probably the biggest drag on growth is the mammoth overhang of defaulted debt, which restricts both lenders and borrowers.
Excess capacity and the overhang of corporate debt may prevent full recovery for some time, but most Asian economies could start to see at least some growth by the second half of 1999.
Now, I understand that we have this huge overhang of a national debt that requires substantial interest payments.
However, Juniper again provided subdued guidance for Q4, implying that the near-term macro-economic uncertainty surrounding the European debt crisis will continue to be an overhang on the industry.
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