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Bonus: IMF's Vitor Gaspar on debt
FT Alphachat
English - April 18, 2019 04:00 - 23 minutes - 31.7 MB - ★★★★★ - 234 ratingsNews Commentary News leadership finance business culture politics entrepreneur health interview entrepreneurship news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Odette Lienau on the most complicated debt restructuring in history
Next Episode: The IMF's Tobias Adrian on stability
On the occasion of the release of the International Monetary Fund's Fiscal Monitor, Brendan talked to Vitor Gaspar, who runs the fund's Fiscal Affairs Department. Mr Gaspar, formerly of the Banco de Portugal, the European Commission and the European Central Bank, drew a distinction between "good" and "bad" spending. He also argued that a "competitive" economy isn't just an economy that pays low wages, and threaded a fine needle on whether Europe needs more infrastructure investment. And he responded to the contention by his friend Olivier Blanchard, former chief economist of the IMF, that debt isn't necessarily always bad.
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