Under certain circumstances, Mr Rajan notes, this stock of debts can cast a shadow over a country's prospects.
"The Europe which is now on offer from the Convention, which when you add all the bits together is actually the creation of effectively a new country, " shadow foreign secretary Michael Ancram said.
As elder statesmen they will be listened to by the country even if the shadow cabinet shuts its ears.
Rising costs in China have cast a shadow over many businesses in the country, and are seen as eroding its attractiveness for foreign investment, especially for labor-intensive manufacturers.
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Labour MP Margaret Curran, the shadow Scottish secretary, said the country was trapped between "a UK government that cuts tax credits for working families and a Scottish government that's prepared to launch another talking shop instead of a real plan to get people back to work now".
He left the country in 2008 under the shadow of impeachment after losing power in elections.
Or will the Egyptian people take back their country, throw off Hitler's long shadow, and begin again on the hopeful path to democracy and a decent life that they began at the beginning of the modern era?
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And he described the shadow cabinet's decision as in the interest neither of the country nor of the Tory party.
The other shadow is the one that has darkened the outlook for 4G in this country for years, the threat of legal action.
The spat came during question time in the Commons on 7 January 2010 when shadow energy secretary Greg Clark claimed British consumers were paying more because the country lacked capacity to stockpile extra gas when prices were low.
But shadow education secretary Ed Balls said the decision marked a "black day for our country's schools".
Accusing Mr Balls of "bumptious self-confidence", he said the shadow chancellor's starting point "seemed to be that the past was another country, that 2010 was year zero".
The Shadow Welsh Secretary believes giving Wales the power to raise income tax now would leave the country worse-off.
Shadow education secretary Damian Green said: 'It is now clear from schools around the country that there is a widespread funding crisis.
Tim Yeo, the shadow agriculture spokesman, combines a patrician manner with an appropriately ruddy complexion and an impressive grasp of country matters.
Shadow work and pensions minister Stephen Timms said Labour would "get the welfare bill down by getting the country back to work, and making work pay".
As MPs debated the Finance Bill, which enshrines in law measures in the 2011 Budget, for a second day at report stage on 4 July 2011, shadow financial secretary Chris Leslie said the issue was "critically important for many people up and down the country".
Shadow education minister Karen Buck said the research confirmed what we have been hearing from schools and colleges across the country.
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