8 Wray, L R, 20 April 2013, ‘Why Reinhart and Rogoff Results are Crap’, EconoMonitor. 9 Mencinger, J, Aristovnik, A and Verbič, M, 2014, ‘The Impact of Growing Public Debt on Economic Growth in the European Union’, Amfiteatru Economic 16(35): 403–414. 10 International Monetary Fund, April 2013, World Economic and Financial Surveys, World Economic Outlook (WEO), ‘Hopes, Realities, and Risks’, available at http://www.imf.org/external/pubs/ft/weo/2013/01/index.htm.
11 Reinhart, C M, Reinhart, V R and Rogoff, K S, 2012, ‘Public Debt Overhangs: Advanced-Economy Episodes since 1800’, Journal of Economic Perspectives, 26(3): 69–86. 12 Claessens, S, 1996, Analytical aspects of the debt problems of heavily-indebted poor countries, available at https://trove.nla.gov.au/work/174652. Page 5 of 11  The African story  Allow me to elaborate on the most recent African experience with debt.