CNBC Alexander Mirtchev on Sovereign Debt Uncertainty

[BigFishSmallPotatoes]

This unpredictability in the markets would make expansionary policies risky to implement.Countries looking to spend their way out of the recession just increase their deficits.They're like a person who has gone bankrupt and who decides that the solution to the problem is to borrow from a loan shark and then go to the local casino in the hope of getting lucky.

[visionmaestro]

Instead governments are having to settle for a strategy of simply looking to minimize short-term damage.

[visionmaestro]

I agree that the ultimate objective or exit strategy in the current crisis is important for all market participants to know in order to reestablish confidence in the market but I think world governments find themselves overwhelmed with all the market figures coming in that planning an exit strategy in the current economic environment is not like seeing the pieces on a chess board and trying to predict several moves ahead.