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Chairman UK Financial Services Authority, 2008 - 2013 - Lord Turner

Lord Turner has concluded that western economies remain dangerously reliant on debt. Is his solution - printing money to stimulate growth - credible?

Lord Turner, is a doyen of the UK economic establishment who has concluded that western economies remain dangerously reliant on debt. It might be reassuring if we could put the blame for the financial crash of 2008 on greedy bankers but what if the crisis was much deeper and more structural? Stephen Sackur asks Lord Turner if his solution; printing money to stimulate growth without adding to the debt pile, is credible?

(Photo: Lord Turner in the Hardtalk studio)

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23 minutes

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Fri 18 Dec 201521:06GMT
BBC World Service South Asia

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