National debt, too, has risen sharply.

We cannot do that with national debt.

Some worry about America s increasing national debt.

CAMBRIDGE Greece will default on its national debt.

If high national debt is associated with slow economic growth, is it because excessive debt impedes growth, or because slow growth causes countries to accumulate more debt?

Some of Greece s national debt is owed to Greeks, by the way.

Russia's national debt in October 1917 had risen to 50 billion rubles.

And of course, there again is the matter of the soaring national debt.

Meanwhile, the US cannot meet its next debt payment unless Congress and the president reach an agreement to raise the national debt ceiling.

Limited capacity for debt socialization reflects the EU Treaty s no bailout clause, which bars outright mutualization at the eurozone level of (national) public debt.

A large and rising national debt is a serious danger to an economy s health.

Countries can reduce their national debt by narrowing the budget deficit or achieving a primary surplus (the fiscal balance minus interest payments on outstanding debt).

There have been reductions in the ratios of debt to gross national income and debt service to export earnings since 2000, due to strenuous efforts at repayment by developing countries and some debt relief.

Only the European Central Bank could implement true socialization of national debt in the eurozone.

The national debt has increased, with no offsetting asset placed on the government s balance sheet.

America fears deflation Europe driven by its largest economy, Germany fears national debt and inflation.

The resulting higher interest payments add to the national debt, offsetting the erosion of the real value of the existing debt caused by the higher inflation.

Unfortunately, it is hard to get clear cut evidence of causality. If high national debt is associated with slow economic growth, is it because excessive debt impedes growth, or because slow growth causes countries to accumulate more debt?

But the promise of a return to the status quo ante of risk free public debt is not compatible with the continuing limits on the socialization of national debt.

And it is in America s public debt that the debris of its financial system s broken promises are collected, just as Italy s massive public debt reflects its past national prodigality.

Will the bailout work? We have national debt, Detroit, currency valuations, healthcare, all these issues facing us.

Deficit fetishism never makes sense the national debt is only one side of a country s balance sheet.

But Europeans, while having launched national recovery plans, remain unwilling to take on a similar debt risk.

Many Western countries national debt is now dangerously near, and in some cases above, this critical threshold.

The major risk to the sustained role of the dollar is the large and growing US national debt.

The impact of all of this on the national debt and on Japan s interest rates could be staggering.

Investors thus assumed that they did not need to assess the credit risk of eurozone countries (national) public debt.

The national debt held by US and foreign investors totaled about 40 of GDP at the end of 2008.

One reason to be concerned about the bad deal that American taxpayers are getting is the looming national debt.

Instead, they focused exclusively on US foreign debt, ignoring household debt (mortgage and consumer debt), public debt, business debt, and financial debt.

So much for the sovereign debt crisis, which, given its national, regional, and global impact, has been particularly well covered.

Even if this widens the deficit in the short run, it will reduce the national debt in the long run.

For example, for all of the hand wringing about America s national debt, investors will continue to loan the US money.

If either candidate does not want to bring the national debt under control, he should be pressed to explain why.

That would have been sufficient to pay back the entire Italian national debt over about a decade and a half.

Indeed, according to the OECD, by the end of this year, America s national debt GDP ratio will climb to 108.6 .

First, the share of government debt that can be pooled must be strictly limited, leaving each country responsible for a significant portion of its national debt, and therefore motivated to maintain sound public finances.

36. We stress that in assessing debt sustainability criteria, consideration be given to allowing a country to achieve its national development goals, including the MDGs in 2015, without an increase in its debt ratios.

TILBURG Following his re election, US President Barack Obama almost immediately turned his attention to reining in America s rising national debt.

This also implies that if Greece could escape from its current recession, its national debt would decline, both absolutely and as a share of GDP. More generally, the national debt of any country grows by the size of its budget deficit or declines by the size of its budget surplus.

Debt sustainability and debt relief

Entitlements. Obama has remained silent about reform of Medicare and Social Security, whose long run deficits are several times the national debt.

That could lead international investors to withhold funds from a departing country and raise substantially the interest rate on its national debt.

But, with the current low rate of household saving, the cycle of rising deficits and debt will soon make national saving negative.

The national debt is a burden on future generations. This fallacy is repeated so often that it has entered the collective unconscious.