It is possible that if they did, it would dwarf the difference between growth in high- and low-debt countries.
Research by Christiane Nickel and Isabel Vansteenkiste of the European Central Bank found that rising budget deficits in high-debt countries are associated with higher private savings.
President Hollande believes in "solidarity", where the debt of eurozone countries becomes common debt, so reducing the borrowing costs of the weaker countries.
Robert Polin told the BBC that between 2000 and 2010, the average rate of growth in countries with debt above 90% of GDP had actually been higher than it had been in countries with lower debt to GDP ratios.
The financial world craves the stability of low debt encumbered countries no matter how small.
Income investors, will be turning to investment grade local currency debt in countries like Brazil.
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Barnier proposed banning credit agencies from rating the sovereign debt of countries undergoing bailouts.
Will they extend the period for repaying debt for countries like Portugal and the Republic of Ireland?
The world is awash in debt and countries are crumbling because of it.
Perhaps the most stunning message from crisis history is the simply staggering rise in government debt most countries experience.
Not surprisingly, German banks that are knee-deep in debt from countries like Italy, Spain and Greece, are suffering bigger drops today.
On the debt of countries, however, their record is considerably better.
After all, it is likely that the CDS insurers who dabbled in Greek CDS, are also involved in CDS insurance of the other high debt European countries.
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This will also provide an opportunity for the ESM to receive loans to purchase sovereign debt in an almost unlimited capacity, effectively mutualising debt between countries (effectively creating a common Eurobond) while expanding capacity to purchase on an unlimited basis.
But whether or not China helped cause the crisis, there is not much debate that it needs to be part of the solution, because without higher Chinese consumption in China, the only way the global economy will become more balanced in future, with less debt on countries like Britain and America, is by those countries also having little or no economic growth.
The problem now grosso modo is that the growth is in the countries with little debt and the debt is in the countries with little growth.
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Japanese debt is unique to other countries because Japan has been indebted for the past two decades, its leverage didn't increase rapidly and the gap between Japan and others declined because other countries' debt-to-GDP ratio increased.
He asked about the debt of African countries in relation to writing off the debt of Iraq and whether there would be progress on this at he G8 summit.
BBC: NEWS | Programmes | BBC Parliament | Prime Minister's Questions
By establishing clear voting rules and burden-sharing clauses for international creditors, and by encouraging countries to adopt them, they could streamline debt workouts when countries falter.
The European Union debt crisis has escalated as it appears EU officials and major EU countries may now be distancing themselves from the debt-strapped smaller EU countries.
The only real solution for insolvent Europe is to explicitly default on the debt to a level that brings PIIGS countries to a debt to GDP ratio below 60%.
Austerity cuts are likely to continue to curtail growth in the most debt-stricken countries.
This is due to many things, including the considerable economic doubts and various countries debt situations.
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About half of that is related to sovereign debt or bank debt in those countries.
One reason to worry is that newly debt-free countries could be tempted to rash new borrowing.
On average, the public debt of Caricom countries has risen by two-thirds since 1998.
Borrowing costs for weaker nations would come down because their debt would have countries like Germany behind it.
For those countries debt relief is only the start of a long process.
This called for increased debt relief for countries hit by Aids.
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