Towle, W. Ray (contributor) - 2005
own country. In Europe, we have seen a revision of the Growth and Stability Pact, which originally
required euro countries … magnitude of fiscal pressures. Both
the United States and Europe face demographic changes where we see entitlement liabilities … to be in the G7 countries, Europe, or Japan.
It is going to be in east Asia, Latin America, and South Africa …