Global Imbalances: The Unaddressed Menace The recent bond market selloff has left policymakers scrambling to address mounting concerns about public debt and volatility in global financial markets.
At a meeting of G7 finance ministers in Paris, they acknowledged the pressing need for coordinated action to tackle economic imbalances that have been building for years.
French Finance Minister Roland Lescure's admission that "we are no longer in a period where public debt is not a subject" underscores the critical juncture reached by the global economy.