US EditionColumn | Elina Pylkkänen: Inflation Was Supposed to Pay Off Our Debt, but Instead We Are only Seeing Our Loan Servicing Costs Increase
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Public sector indebtedness has sparked a very justified debate about the need to rebalance the economy. In addition to international credit rating agencies, our rate of indebtedness is monitored by the EU, where the agreed rule – albeit a tacit one – has been that public debt should not permanently exceed 60 percent of the country's GDP. When the amount of debt in relation to the value of our annual production (=GDP) continues to increase from t…
·Turku, Finland
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