No announcement yet.

Euro problems

  • Filter
  • Time
  • Show
Clear All
new posts

  • Euro problems

    Dennis Gartboob cited a Forbes article today which lumped together all the various debts of countries and listed them as % of GDP of that nation. (you know that this is somewhat misleading and the debt breakdown is important when you see where Canada and the U.S. land)

    Comments welcome:

    Iceland 1200%
    Ireland at 850%
    Switzerland at 750%
    Belgium at 550%
    France 475%
    Netherlands at 450%
    Austria 425%
    Denmark at 400%
    Germany 400%
    Sweden 350%
    Japan 350%
    Portugal 350%
    Spain 350%
    Italy at 300%
    Greece 300%.
    Canada, at 275%
    Finland at 250%
    Australia 225%
    Hungary 200%
    Latvia 200%
    US 200%
    --ST (aka steveaustin2006)

  • #2
    Re: Euro problems

    ummmm, where is the UK? should we be near the top somewhere?


    • #3
      Re: Euro problems

      Originally posted by Chris View Post
      ummmm, where is the UK? should we be near the top somewhere?
      I just assumed that its not on the list as it will evaporate any day now. Sorry couldn't resist. :eek:
      --ST (aka steveaustin2006)


      • #4
        Re: Euro problems

        Full Forbes article here:

        --ST (aka steveaustin2006)


        • #5
          Re: Euro problems

          I thought the US had a debt to GDP of 380%.

          How much of GDP is FIRE again?


          • #6
            Re: Euro problems

            It reminds me of the way all around the world was talking and thinking about the Latinamerican countries in the late 70's and during the 80's... Maybe it was not that bad that Banxico concentrated on this chart:

            and also concentrated to mantain the external debt under control. According to CIA at around 177 billion USD and according to this article at around 130 billion USD, we may not be still a net creditor country, but the difference in comparison (35 to 105 billion, 4% to 12% of GDP) doesn't seem too awful.
            Attention: Electronics Engineer Learning Economics.