По указанному в самом конце этого поста линку можна читать речь гувернера Банка Англии (Центрального банка Обединенного Королевства), в которой между остальным сказано:
"...
What were the causes of the unsustainable build-up of debt in Europe and elsewhere? They lay in the continuing imbalance between those economies running large current account surpluses and those running large current account deficits. Persistent trade surpluses in some countries and deficits in others did not reflect a flow of capital to countries with profitable investment opportunities, but to countries that borrowed to finance consumption or had lost competitiveness. The result was unsustainably high levels of consumption (whether public or private) in the United States, United Kingdom and a range of other advanced economies, and unsustainably low levels of consumption in China and other economies in Asia, and some advanced economies with persistent trade surpluses, such as Germany and Japan.
The burden of debt will go on rising in the former group of countries until these spending patterns adjust and the latter group will find their loans eventually repaid in depreciated currencies, if at all. Surplus countries, a group which includes three of the world’s largest four economies, share a major responsibility to respond to our present dilemma by expanding domestic demand. By importing more they would provide deficit countries with the wherewithal to export and service debt repayments.
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Подчеркивание и увеличение жырности в цитате сделаны мной.
http://www.bankofengland.co.uk/publicat ... ech523.pdf
