Brussels, 19/02/2014 (Agence Europe) - There is not a threshold beyond which public debt undermines a country's medium-term growth prospects. This is the conclusion reached by three International Monetary Fund economists, Andrea Pescatori, Damiano Sandri and John Simon, in research entitled: “Debt and Growth - is there a magic threshold?”
The research is not officially recognised by the IMF and is intended as a contribution to the debate among politicians and economists about how debt...