The new World Bank head Ajay Banga addressed global finance bosses (IMF and World Bank joint meeting) in Marrakech: World teeters on a $235 trillion debt mountain - and there is no 'magic wand' to wipe it away - The Great Awakening

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The new World Bank head Ajay Banga addressed global finance bosses (IMF and World Bank joint meeting) in Marrakech: World teeters on a $235 trillion debt mountain - and there is no 'magic wand' to wipe it away (www.thisismoney.co.uk)

posted 1 year ago by Excelsior 1 year ago by Excelsior +18 / -0

No 'magic wand' to wipe away global debt pile, head of World Bank says

The comments from Ajay Banga illustrate some of the seemingly intractable issues facing the great and the good of global finance who have been meeting in Marrakech this week.

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– Gratuitous 2 points 1 year ago +2 / -0

Well there is... Those that "printed" the money against tiny or non-existent reserves can fuck off

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