Debt, how far?
The 27 European leaders at an EU summit on December 15, 2017, in Brussels.
(Illustrative image) © JOHN THYS / AFP
By: Jean-Pierre Boris Follow
2 min
Beyond the controversial debates on the cancellation or not of the debt contracted by the European Central Bank for the benefit of Europeans, the question of the future of the debt born of the Covid-19 pandemic arises.
Publicity
To cope with the economic crisis inherited from the Coronavirus pandemic, rich countries are stepping up stimulus plans.
To finance them, they go into debt on the financial markets.
As for the poor countries, they seek help from multilateral institutions and sometimes admit to being unable to meet their deadlines.
Depending on whether you are rich or poor, debt is the solution or the problem.
But you have to be reckoned with.
Hence this show.
Agnès Bénassy-Quéré
is Chief Economist at the Directorate General of the Treasury, within the Ministry of Finance in Paris.
This position led her to take leave from the Paris School of Economics and the University of Paris 1 where she previously taught.
Ishac Diwan
is Professor of Economics at the École normale supérieure in Paris.
He is also director of the Socio-economics of the Arab world chair at the University of Paris Sciences et Lettres.
Salif Cherif Sy
is Professor of Economics at the Cheikh Anta Diop University in Dakar and a former member of the Senegalese President's cabinet, with the rank of Minister.
Today he coordinates the World Forum of Alternatives.
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