Presidential economic adviser, said method developed countries is still the global economic risks of debt

 Before his speech, he criticized the Group of Twenty (G20), although well aware of the recent turmoil was caused by excessive debt, but it is not the right remedy, the proposed solution just the debt transferred to the private sector the government.

A Tali professor who helped draft the adoption in 1991, known as the Maastricht Treaty (the Maastricht Treaty) of the Treaty on European Union, the European Community into a political Union and the Economic and Monetary Union roads. He believes that EU governments have realized the importance of economic integration, and boldly predicted the euro area countries can share in the proposed fiscal 2012 budget to support the weak euro, which is similar in the next decade the United States towards the creation of 

Professor Ata Li founded in 1991, responsible for European Reconstruction and Development Bank, and served as first president. He was also the late French President Francois Mitterrand in the term of office as Chair of consultants, and in 2007 by current President Nicolas Sarkozy appointed as Chairman of the Commission to promote economic growth. In a recent presentation of the report, he for the French government to reduce unemployment and huge public debt and the implementation of the policy recommendations critical acclaim. U.S.

oriented. For example, the first crisis of the United States. Since 1980, salaries and personal income share of global GDP, started to decline, the U.S. had to rely on borrowing to sustain growth engine. U.S. public and private debt in 1929 before the outbreak of the Great Depression, the equivalent of 250% of GDP. To the end of the year 2007, the debt reached 350% of GDP. He said that was able to understand or predict the imminent global crisis.

Whether the subject is still in crisis speech, described the past few years, the global financial crisis highlights the United States, Europe, and the Japanese government to do, related to the Wall Street financial fraud case no different from the protagonist Madoff.

U.S. and European economies remains bleak, the United States alone there are 65 million people homeless, and the State can do is print money, and do not expect Congress to messianic gesture to save the United States.

Europe, Greece, Ireland and Portugal also have a situation, even the German leader of the European economy, but also because of over-reliance on the European market, weak demand, while domestic banks could collapse Youxiang European countries Government has provided huge loans and other factors, but has become Europe's most vulnerable countries.

Xinhua BEIJING, Jan. 17, according to Singapore's Economy a big risk.