"Latest BIS report warns about unsustainable nature of sovereign
debt in most of G7, with historical comparisons."
BIS? That collection of socialist stooges? They're totally incompetent, always get it wrong, and intentionally so, and is a covert front to promote totalitarianism anywhere it can: (from wiki)
You are putting your ideological blinders on max in order to make a point which is easily, so easily, refuted.
If you don't like BIS, which is assuredly not a collection of socialist stooges, check the history. Read Rogoff and Reinhart and find out how a financial crisis begets a sovereign default. It's not very hard at all to figure out why: financial difficulties lead to huge increases in public debt which lead inevitably to hugely increased risks of sovereign defaults and currency crisis.
Just like BIS says.
I know, I know, you are a world authority on [fill in blank] so it cannot be. Remember that in spite of your self-described world-class acumen, your calls on PMs have been spectacularly and I do mean spectacularly and massively wrong. Anyone who listened to you would have missed out on opportunities of a lifetime:
Message 21227196
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