The debt of the world's more dangerous than it was before the previous crisis
Date: 01/21/2016 22:10
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Central bankers facing meetings on the sidelines of the World Economic Forum in Davos, Switzerland, the worsening debt afflicting the global banking and financial system problem, reaching dangerous levels beyond what we have reached in 2007, before the recent global financial crisis.
Since the last credit cycle by more than 8 years of public and private debt rose in all countries of the world by 35 percent in addition to what it was.
The volume of total debt to 185 percent of GDP in emerging economies and to 265 percent of GDP in the major industrialized countries.
And those rates are unsustainable and threaten to outweigh the debt crisis that the world has seen in the 2008/2009 crisis.
For example, European banks alone, living under poor and distressed debt burden estimated at about one trillion (thousand billion) dollars.
And experiencing all aspects exposed the banking and financial sector to the emerging markets of distressed debt may have been much greater than what is publicly available, in addition to many other debts of the previous stage of the crisis the banking and financial burden of the system did not get rid of after.
With the rise in household debt in developed economies where growth depends on consumer spending inner world are bracing for further economic growth falls making the face debt problems very difficult.
Compounded by the burden of the debt crisis in the world steady decline in the value of assets, putting the banking and finance for more troubled and Almtmh.anthy / 25 system debt