From the
International Herald Tribune...
The United Nations has urged all major industrial countries, especially Europe and Japan, to help the United States reduce its twin deficits by spurring their own economies to grow faster.
In its report, World Economic Situation and Prospects 2005, the world body said on Tuesday that the twin budget and trade deficits of the United States were throwing the global economy off balance.
It echoed warnings already issued by the International Monetary Fund and other financial institutions in saying that the United States cannot continue to maintain such huge debts.
