After the GFC, economies around the world went on a Keynesian binge in an effort to kick-start stuttering growth. Politicians did what they do best, spent money. Of course there’s always a bill to pay and the financial markets have now lost faith in the Sovereign’s ability to repay their debt. Finance ministers need to decide whether to keep spending and go officially broke or stop spending and risk a return of negative growth. It looks like they may be choosing the latter path, as this article in the FT summarises.