I'll make a small point. Olivier Blanchard, former chief economist of the IMF, has said that one of the lessons we learned in the 2008 crisis was that levels of debt that seemed sustainable before the crisis suddenly became unsustainable.
Senior Fellow, Macdonald-Laurier Institute
I'll make a small point. Olivier Blanchard, former chief economist of the IMF, has said that one of the lessons we learned in the 2008 crisis was that levels of debt that seemed sustainable before the crisis suddenly became unsustainable.
See context to find out what was said next.