Central banks, not debt will kill growth: economist

piggy-bank-drowning

The link between growth and debt has been fundamentally misunderstood, Roger Nightingale, an economist, said on Friday at the National Asset Liability Management conference.

In an energetic speech, Nightingale said: "The causality goes from growth to debt," which was why economies that grew at great speed did not have staggering deficits. "There is a belief in Europe that it goes the other way around," he said. Greece was not in its current position because of its high deficit- a claim which Nig

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