The solution to the current global crisis requires avoiding a contagion of defaults and insolvencies, and avoiding telling dozens of countries to contract sharply in public investment and social spending, rather than pursuing austerity.
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Speaker
Jeffrey SachsEvidence Quote
“what we need to come to the positive answer to your question is we need to avoid a contagion of defaults and a contagion of insolvencies and we also need to avoid simply telling dozens of countries you need to contract sharply your public investment”
Source
Jeffrey Sachs: "We're in a crisis and it will get worse in the coming months."— Prague Finance InstituteCreated: 8/10/2026, 9:58:27 PM
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