Monday, July 06, 2015

this explains much

Greece's debt problem has a long history; it goes back at least to the mid-1980s. Look at this graph that I snagged from Wikipedia:

As you see, Greece's debt is getting dangerously close to 200% of its GDP. For comparison, the US debt in 2012 had reached about 102% of GDP (see here for image and here for some uncharitable commentary).


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