Go take a look at the world debt clock at http://www.economist.com/content/global_debt_clock. We’ve heard about it, probably seen it as well. But this time shed your eyes on the map beneath the clock and just for the fun of it, to the right of the map compare three countries. I just chose Greece, the U.S. and the United Kingdom, seeing as the last two countries have never been mentioned on the news as being debt-ridden. I won’t say anything more. I simply counted the zeros in the total amount of public debt and looked at the percentage of total annual debt change.
Now take a look at the table below and tell me what’s wrong with Greece which isn’t wrong with other countries. Συνέχεια →