He said "huge transfers of capital and know-how" would be necessary.
Yet, currently the welfare state makes huge unsustainable transfers from the young to the old.
These meager bequests would seem to fly in the face of the huge transfer of wealth making its way down the generations.
The jobless rate in the east is 17 percent, compared with 7.1 percent in the west, even after the huge transfer eastward of public money.
The results will be a huge transfer of wealth: researchers estimate that at least $48 trillion will change hands over the next five decades.
But the huge transfers of tax and other funds may have distorted the latest measures of the nation's money supply.
The euro project meant huge transfers from one economy to another.
Options at these companies total 16 percent of shares outstanding, on average, a huge transfer of shareholder wealth.
This huge and sudden transfer of assets is a major area of the debate on Western strategy toward Russia.
Glasman saw the bailout as a huge unnecessary transfer of wealth from the poor to the rich.