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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Mac Con Ulaidh who wrote (74886)5/15/2010 11:52:31 AM
From: Wharf Rat  Read Replies (3) | Respond to of 149317
 
1000 words on why we are all Greeks now.




To: Mac Con Ulaidh who wrote (74886)5/15/2010 3:10:58 PM
From: tejek  Respond to of 149317
 
Add to the fact that Greece is rocking a debt that is equal to 116% of its GDP.....think of the size of the debt service payments.......whereas the US has a debt that is 64% of GDP. What's killing Greece is those debt payments with no growth to offset them. Greece's only hope is that the Euro stays low so that it can export its way out and entice many tourists to visit.


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