Great piece here from US economist Robert Shiller on Project Syndicate which is well worth a read.
Shiller makes some great points about the current global debt crises, namely:
This website is a general resource only and contains information of a general nature. It is not intended to be relied upon, nor used as a substitute for specific independent professional advice. You should seek independent advice regarding any investment, legal, taxation or financial matters relevant to your own circumstances and individual needs.