As the COVID-related, worldwide death toll has exceeded two million and economies are suffering ever more extended lockdowns, unimaginable amounts of money have been injected into households and enterprises to prevent a 1920s-style collapse.
According to 2020 IMF statistics more than $12 trillion have been spent by governments worldwide already and much more money is on its way. As a result, public coffers were never more depleted. Data published by the IMF and the UN in September last year and then again in October showed national debt for some countries increasing as much as 25 per cent – in one month. Countries are calmly adding to their stock of arrears, which in the case of Greece (206%) has doubled from levels once considered untenable, demanding a bailout. The sudden insolvency of countries like Portugal, Spain and Ireland in 2010 was caused by investors scared by the level of debt. This triggered a crisis which almost toppled the euro.
christine indulge me just one second. okay. i have to believe that there are no two sides to the idea that this talk is toxic. niger? it can t be seen by you as helpful to the cause of our democracy, our markets, our any trade deal with china, what he said today. are you with me? it is no. i am not with you. it is not the first time that a commander in chief, the president of the united states has tried to influence a federal reserve chairman. allan greenspan was on early whier this week another network and when asked were you privately pressured by a president of the united states, we know greenspan served from reagan to clinton, he said yes, i was pressured. you are correct. you also know that is a b.s. answer to my question. no this is not about private pressure. this is about public attacks and likening him to an auto accurate who is a danger to free society. i will agree you christine and i will agree that to compare him, powell, our fed chairman, to xi is goin
bigger enemy, jay powell, the fed chief or chairman xi of china? that s the start of tonight s great debate. christine quinn, niger innis. i literally often have regrets niger that i have got to put you in this position. but you have free will. you are here. christine indulge me just one second. okay. i have to believe that there are no two sides to the idea that this talk is toxic. niger? it can t be seen by you as helpful to the cause of our democracy, our markets, our any trade deal with china, what he said today. are you with me? it is no. i am not with you. it is not the first time that a commander in chief, the president of the united states has tried to influence a federal reserve chairman. allan greenspan was on early whier this week another network and when asked were you privately pressured by a president of the united states, we know greenspan served from
0 for coming by. and thanks for watching state of the union. fareed zakaria gps starts right now. this is gps, the global public square. welcome to all of you in the united states and around the world. i m fareed zakaria coming to you live from new york. starting with nelson mandela and we will ask you what happened to his legacy in africa and beyond. i have a great panel including one of mandela s close confid t confidants and the man that until this summer was obama s top national security why he says the u.s. doesn t need to cut a deal with hamid karzai of afghanistan. next, how to understand the booming american economy. i ll ask the man who presided over great growth and some critics charge also helped create many bubbles. former fed chair, alan greenspan. and as we approach the first anniversary of the new town massacre, what can the u.s. learn from other nations about gun policy. i ll take you to japan for a fascinating look at a nation that loves violent video games but
president obama s foreign policy. is he ready to dial back or double down again? i m wolf blitzer. you re in the situation room. u.s. warships are moving toward libya today as president obama vows that no act of terror will go unpunished. his words. but in the grim aftermath of the u.s. consulate attack in libya which left the u.s. ambassador and three other americans dead, there are still serious questions as to which group was responsible. meantime, violent protests sparked by an anti-islamic film spreading across the muslim world today. in cairo, crowds have again gathered outside the u.s. embassy right now. they ve been throwing rocks and fire bombs as police answer with tear gas. in yemen, police open fire to disperse rioters at the u.s. embassy where a security wall was breached. security officials report four deaths. and in iraq, protesters stepped on and then burned a symbolic american flag as rival sunni and shiite muslims marched together. libyan authorities hav