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| Greece has debts of €38'073 per person, France has €66'508
Depending on how you look at the figures, they are more, or less, shocking. | |
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The per person is not a reliable metric so I would just forget that because as the poster above says, its sovereign debt. What is more reliable is debt relative to size of an economy. i.e. Debt to GDP. Greece has one off the charts, so its debts are way bigger than its entire economy. With debts this large it doesnt matter who runs the country, the die has been cast.
When looking at Europe also remember that Europe has not even recapitalised its banks. So those debts to GDP are BEFORE that has even been done.