All in this together
By Steve Freer | 1 December 2011
As the eurozone crisis continues and sovereign debt soars, governments
need to urgently reform their accounting practices. CIPFA’s chief
executive calls for a collective effort across the profession to
transform public financial management globally
The sovereign debt crisis has grown steadily over the past two or three years to its current climax in Greece and Italy. Its origins lie in that other financial disaster – the global collapse of 2007/08. Indeed, sovereign debt is just the latest chapter in that crisis, which rolls on like a great financial hurricane or tsunami, threatening all in its path.
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