All central banks need to do is to keep printing money to buy up government debt.

The central government is arguably solvent, but a significant chunk of municipal and provincial bank debt seems underwater.

Both the attacks on excessively easy central banks and the effort to limit government debt are enormously popular in Germany.

In the case of Greece, the interest payments apply to government debt held by Greek individuals and institutions, as well as to government debt held by the IMF, the European Central Bank, and other foreign lenders.

It will stop spreading only when Germany constructs a firm and credible firewall, presumably around Spanish and Italian central government debt.

In theory, this means that local governments cannot finance their deficits by increasing their debt levels, because they can borrow only from the central government or other central authorities.

The national debt of the United States (also referred to as the public debt or government debt) is the amount owed by the federal government of the United States.

I suggest that Instead of a traditional IMF package, the central banks of the developed countries should open their discount windows for Brazilian government debt.

Budget deficits automatically increase government debt, requiring higher future taxes to pay the interest on that debt.

If a debt crisis results from government profligacy and mismanagement, rather than from a market failure, it is true that the central bank should not intervene.

And that answer speaks to the disturbing realities of modern day central banking (or, to be more exact, central banking in the post bubble world of debt overhangs and sovereign debt concerns).

Government debt will no longer be backed up by taxpayers assets.

Debtor countries pay substantial risk premiums for financing their government debt.

Nor could we find any convergence regarding government deficits and debt.

Public debt has soared, and the government says it cannot pay.

The big question in Spain is whether, as in Ireland, the central government will allow itself to be gamed into taking on private (and also municipal) debt.

Given that the country's official debt constitutes the bulk of its overall public debt, the government wants it reduced.

The European Central Bank can make available all the euros needed to backstop Italy s debt.

The European Central Bank s outright monetary transactions scheme provides an important backstop for debt sustainability.

But debt held by the European Central Bank and the IMF could pose a problem.

Central government revenue was low indeed, proportionately smaller than that of central governments in any other major economy.

Chancellor Angela Merkel has criticized the United States Federal Reserve and the Bank of England for quantitative easing, which has in practice allowed the central bank to monetize many types of government and non government debt.

Chancellor Angela Merkel has criticized the United States Federal Reserve and the Bank of England for quantitative easing, which has in practice allowed the central bank to monetize many types of government and non government debt.

In Somalia, the central government collapsed and clan warfare broke out.

Indeed, ever since the Qin Dynasty united the country and established a centralized regime some 2,000 years ago, accountability for debt has been treated as a central government problem.

Unlike some months ago, now the European Central Bank can intervene and buy troubled countries debt.

He then took his first job at the central government of Russia.

With the new constitution Madhesi are looking for the equal representation in the state government and central government.

Second, from a debt holder s point of view, a government bailout is better.

But the problem of excessive government debt is not confined to the EU.

But there remain little new securitization and bank debt offerings without government backup.

In 1999, Finland boasted the smallest government debt, equal to 45.5 of GDP.

This time, the unemployment rate and household and government debt are much higher.

A global carbon tax would mitigate climate risks while alleviating government debt burdens.

They will buy the new government debt and leave all spending decisions unaltered.

European banks holding Greek government debt could keep pretending that it is worth its full value. And the European Central Bank would have fewer excuses to refuse Greek bonds as collateral.

Chief among these changes has been the adoption, in most countries, of flexible exchange rates and reduction of external debt, particularly government debt.

By buying government securities, the central bank injects cash into the banking system.

However, central government authorities have done little to halt intimidation of Linyi s villagers.

Central government can easily starve the regions and local communities of their lifeblood.

At some stage, the central government will have to address the sector s deficiencies.

At that point, government debt will no longer be backed up by taxpayers assets.

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

Ireland s government debt is expected to rise to almost 80 of GDP by 2010, whereas just a year ago the European Commission projected that Ireland s government debt would be below 30 of GDP.

Reduced debt service costs would mean that the debt GDP ratio would start to fall, and government spending on infrastructure, education, healthcare, and redistribution could rise. Reduced government debt would also means more money available for private investment, providing a further boost to labor productivity.