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They depend too heavily on borrowing: many drank themselves silly during the credit boom and now have throbbing heads.
ECONOMIST: Traditional listed firms are facing competition
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More recently, politicians have had to accept debt brakes and other devices to limit borrowing and many have submitted to external surveillance by independent monitors such as the U.K.'s Office for Budget Responsibility or, under the euro zone's Fiscal Pact, by the European Commission.
WSJ: What Will New World Order Look Like?
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Ambrose published his first book in 1962 and has produced some 30 more since then, churning them out at such a steady clip that some critics wonder if he may have cut a few ethical corners along the way by borrowing too many improperly attributed passages from his sources.
FORBES: Magazine Article