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The euro situation with debt levels and deficits...... 

By: zzstar in FFFT3 | Recommend this post (1)
Tue, 21 Apr 15 6:04 PM | 37 view(s)
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http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_21/04/2015_549277

The Greeks have the highest debt, but she nce the crisis begun they have cut their deficits to lower levels than the Ben France, the second biggest economy there. Which says that they did the work and took the pain in the last 5 years, but the original debt for which they are still taking on more in order to make the payments is unsustainable. You can't keep borrowing to pay your debts. Either forgive the debt or they should declare bankruptcy, exit the euro, and start from scratch. They now have a deficit that is the lowest in the euro zone, and close to the "ideal" standard set by the EU. That's what matters.


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