Lessons Of The Sovereign Debt Crisis: Keep Public Debt Under Control

From 2005 until 2010 Greece’s public debt as a percentage of GDP grew from 100% to 150%. In less than a year, the debt went up by a further ten percent, and is currently at 160% of GDP, which indicates that despite the tough austerity measures, there is a limit beyond which things can no longer be controlled, and the “end” becomes unavoidable.

31 views

Read the rest of this story...

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.