IMF Report warning: Defaults, Savings-Tax & Higher Inflation policies are required to tackle 200-year high debt levels

IMF paper warns of ‘savings tax’ and mass write-offs as West’s debt hits 200-year high

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Much of the Western world will require defaults, a savings tax and higher inflation to clear the way for recovery as debt levels reach a 200-year high, according to a new report by the International Monetary Fund.

The IMF working paper said debt burdens in developed nations have become extreme by any historical measure and will require a wave of haircuts, either negotiated 1930s-style write-offs or the standard mix of measures used by the IMF in its “toolkit”

Email me to request a copy of the NEW “Financial & Sovereign Debt Crises” IMF Working Paper

adrian.rowles@dv-p.com

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