Translation of "Run deficits" in German

In addition, governments need to run extra-large deficits.

Who Will Run the World’s Deficits?

One is the central government’s ability to run deficits and to act decisively.

It is less easy to rationalize why the US government is continuing to run budget deficits despite a cyclical boom.

Without these transfers, social protection in the new German Länder would have run insurmountable deficits.

However large the deficits run by Member States as part of their overall debt, their ratings are not affected appreciably.

No one country will be able to run current-account deficits and use foreign finance to indulge in financial excesses as freely as the United States did in recent years.

In the past, this push was accommodated by the willingness of the US and a few other developed nations to run large trade deficits.

Indeed, if foreign-owned enterprises exports are deducted from the total trade volume, the surplus vanishes, because both the overall balance of merchandise trade and the balance of trade in services normally run deficits.

The way to achieve these goals is not to run larger deficits, which merely imply higher taxes tomorrow, but to cut spending in other parts of the budget.

It won’t succeed if some countries persistently run deficits and weaken their competitiveness at the expense of the euro’s stability.

The US, benefiting from the “exorbitant privilege” of issuing debt denominated in its own currency, has run current-account deficits for more than 30 years.

They know that they cannot run deficits forever, but they do not want to say when the painful exit should begin.

Later, academic researchers identified more plausible reasons why the US might be able to run large deficits without great risk, as long as investors’ desire for diversification, safety, and liquidity sustained global demand for US assets.

The GCC countries have low levels of government debt and can run moderate budget deficits without jeopardizing fiscal sustainability.

If the US is unable or unwilling to run the required deficits, the global economy will flounder in a savings glut of low demand and cheap capital until another alternative emerges.

Since the world is a closed system, this raises the question: Who will run the world’s deficits?

For the next installment of the recent global financial crisis will be rising sovereign risk, especially in advanced economies that run massive budget deficits and accumulate large stocks of public debt as they socialize private financial losses in order to revive economic growth.

And the deficits run up during the intervening decade would cause the national debt to double, rising to more than 80% of GDP.

Of course, governments need to run deficits in depressions in order to stimulate demand and stem rising unemployment.

Barring such reforms, Germany and the Netherlands will be unable to run modest budget deficits or encourage more domestic investment in infrastructure and research and development.