A french taxpayers there all of whom are effectively backing up this debt so i dont fear of taking risks in. Government data has soared into the trillions of dollars in euro zone countries but those figures dont really mean much if you dont compare them to the wealth of a country its Gross Domestic Product or g. D. P. The countrys debt is measured as a percentage of g. D. P. Yet debt represents 50 percent and here 100 percent of g. D. P. In 1902 maastricht treaty laid down the terms for an integrated europe in order to keep debt from getting out of control experts agree that a countrys debt should not exceed 60 percent of its g. D. P. But that critical threshold has been largely exceeded by most European Countries joins us from get us what he said so more now we have a pretty up with the beauty of rio might have a pretty rigid there. When debt exceeds a certain level tax revenues start going up to pay interest on the debt instead of funding government expenses hospitals schools teacher
A confusion in the world now between sanctions and simple civil rights all right on that note often leave it there we thank you very much to all of my guests which i have any ari show the icon of Lawrence Brennan thanks very much for joining us and thanks for watching the show you can see the program again any time by visiting our web site aljazeera dot com you can have further the scott send by going to our Facebook Page that facebook dot com forward slash a. J. And type story you can also join the conversation on twitter for handel as a. J. Insight story for myself and the whole team here and on how to fight for it 1st. From your school. To aljazeera. We ask problems of the signs of the instability is corruption we listen. Who are pushing the United States and President Trump into conflict we meet with global newsmakers and talk about the stories that matter just 01 of the really special things about working for aljazeera is that even as a camera woman i get to have so much empathy a
A lot easier to do so thats the way it is but what things war with iran they had of the japanese g. 20 perhaps nato will today have one eye on japanese Prime Minister shinzo i bet he was with irans president rouhani of the time of the tanker attack in the straits of hormuz while the u. K. Broadcasters ruggedly north to publicize news of japans ties with iran it made news around the world for instance in this clip from singapore japan is finding itself in a unique position as a strong u. S. Ally and a friend of iran mr mediterranean the president Hassan Rouhani when he would arrive yesterday since that meeting trump is all but declared a full scale military attack on iran after claiming he stopped short of the murder of 150 arrangements he declared further Economic Warfare not only on the iranian people of sanctions but on irans head of state to the response from jeff ron is making headlines in the usa around. And is the lashing out at the u. S. Over new financial pressure saying there
Bolton and others not according to President Trump who appears to see advantages in unvetted acting members of his team so actually give your bike greater flexibility a lot easier to do so thats the way it is but what things war with iran of the japanese g. 20 perhaps nato will today have one eye on japanese Prime Minister shinzo a bit he was with irans president rouhani the time of the tanker attack in the straits of hormuz while the u. K. Broadcasters ruggedly north to publicize news of japans ties with iran it made news around the world for instance in this clip from singapore japan is finding itself in a unique position as a strong u. S. Ally and a friend of iran mr mediterranean the president Hassan Rouhani when he would arrive yesterday since that meeting trump is all but declared a full scale military attack on iran after claiming he stopped short of the murder of 150. 00 arraignments he declared further Economic Warfare not only. On the iranian people via sanctions but on irans
The g. 20 is coming up and so thats a good forum for i think leaders to talk about Maritime Security and freedom of navigation chad brown responded to all this by saying donald trump is 100 percent right the u. S. Has no business in the persian gulf it will certainly be a trick for u. K. Neocon politicians to align themselves with this new policy and what else will World Leaders have to talk about at the g. 20 in japan this weekend and how isolated will britain in the United States be joining me now via skype from tokyo is professor. Japans representative at the i. M. F. During the western economic crisis thanks so much jessica for coming on the show to tell me about this have a bit of history tell me about out of g. 20 began to replace g 8 after the shock of the 28. 00 western economic crisis and the obvious austerity to pay off bank losses. Not started in the year the spring of 2000. In. 6 months after the lima shark at the Spring Meeting of the i. M. F. G 8 meeting was scheduled in