By: Martin Wolf, Financial Times
Even so, debt restructurings are no mortal threat to the euro zone.
It is important to remember, that Greece, Ireland and Portugal amount to only 6 percent of Euro Zone GDP.
Even Spain is only 11 percent.
Moreover, overall Euro Zone public debt is only 84 percent of GDP, while its fiscal deficit is 6 percent. Both numbers are better than those of the US.
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