Cm pr?sentation til nvf den 7 november
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The document discusses the high debt levels across advanced economies, with gross debt exceeding GDP in many countries. It notes that governments, households, financial institutions, and non-financial firms all carry heavy debt burdens. The document then addresses the need for an "age of deleveraging" to reduce debt loads through write-downs or austerity measures. However, it argues that austerity has slowed economic growth. The document concludes by stating that Europe needs more new businesses to regain economic dynamism and calls on readers to help build a more prosperous future for Europe.
Cm pr?sentation til nvf den 7 november
- 1. Europe Needs You! Christian Motzfeldt 7. November 2012
- 2. 18,5 7. november 2012 / page 2
- 3. Excessive Debt Levels 900 Gross debt in selected advanced economies, 2012 (% of GDP) 800 700 Financial Institutions 600 Nonfinancial Firms 500 Households General Government 400 300 200 100 0 Source: IMF, DB Global Markets Research 7. november 2012 / page 3
- 4. Excessive Debt Levels 900 Gross debt in selected advanced economies, 2012 (% of GDP) 800 700 Pension Liabilities 600 Financial Institutions 500 Nonfinancial Firms Households 400 General Government 300 200 100 0 Source: IMF, DB Global Markets Research, Freiburg Universit?t and own research 7. november 2012 / page 4
- 5. Age of Deleveraging 7. november 2012 / page 5
- 6. Transfer of Wealth 9 February 2011 / page 6
- 7. Haircuts ¨C Writing Down Debt 7. november 2012 / page 7
- 8. Austerity 7. november 2012 / page 8
- 9. Printing Money 7. november 2012 / page 9
- 10. The Ugly and the Beautiful Way! United States Euro area 104 103 102 101 100 99 98 97 96 95 94 2008 2009 2010 2011 2012 Real GDP, 2008 = 100 Source: OECD 7. november 2012 / page10
- 11. Europe Has Lost Its Dynamism 7. november 2012 / page11
- 12. More New Businesses 7. november 2012 / page12
- 13. Europe Needs You! 7. november 2012 / page13