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Episode details

World Service,06 Oct 2014,18 mins

The Global Debt Mountain

Business Daily

Available for over a year

Despite the world's big economies growing again and a renewed optimism about future global growth, the world's debt mountain just gets bigger and bigger. Why? We hear from professor Lucrezia Reichlin of the London Business School and co-author of the influential Geneva Report on the global economy, which flags up this pattern of growing indebtedness. She explains what she believes to be the key factors involved. Ken Rogoff, professor of Economics at Harvard University and former IMF and Federal Reserve economist, outlines the role he believes the shaky European recovery is playing in future debt risk. And, if business gibberish is something which you find impenetrable, our regular commentator Lucy Kellaway of the Financial Times agrees.

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