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Old 18.11.2011, 22:31
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Foreign Debt

Just found an interactive diagram showing levels of debt in world economies.

After comparing Greece with Ireland and Britain I can understand why they are annoyed with the Euro land leaders.

http://www.bbc.co.uk/news/business-15748696

From this diagram the US looks to me to be in better shape than most others.
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Old 19.11.2011, 09:34
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Re: Foreign Debt

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Just found an interactive diagram showing levels of debt in world economies.

After comparing Greece with Ireland and Britain I can understand why they are annoyed with the Euro land leaders.

http://www.bbc.co.uk/news/business-15748696

From this diagram the US looks to me to be in better shape than most others.
Greece; govt. debt is shown as 166% of GDP, highest of any European country shown - what is your point?
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Old 19.11.2011, 10:51
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Re: Foreign Debt

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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Old 19.11.2011, 17:04
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Re: Foreign Debt

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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.
The issue in the eurozone today is Government or Sovereign debt; if governments cannot pay what they owe then countries can collapse.
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Old 21.11.2011, 13:09
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Re: Foreign Debt

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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.
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.
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