重要的是,与“二战”之后的情形相似,债务积压(debt overhangs)不仅仅限于公共部门,私人部门的杠杆程度也很高,特别是金融行业和家庭部门①。
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Some countries have dealt with debt overhangs by inflating their currency.
一些国家通过通货膨胀把债务推到未来。
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Debt overhangs are now so large in many (core economies) that they are increasingly unlikely to be able to fix them by fiscal effort alone.
FORBES: Fed Policy, Easy Money, And The Sum Of All Fears
Not surprisingly, large debt overhangs concern many of the respondents.
FORBES: Cold Hard Reality: You Must Save For Retirement
And pretty much all historical precedent would suggest the Greek economy cannot recover under this kind of debt burden (see Rogoff and Reinhart's Debt Overhangs: Past and Present for more on this).
BBC: Greece: Euro exit delayed?
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