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Re: Greece's debt

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thepit44 is not online. thepit44
Joined: 05 Sep 2008
Total Posts: 21143
02 Jul 2012 09:12 PM
Smaller than China's

~Just a female businesswoman
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MahPizzaIsHere is not online. MahPizzaIsHere
Joined: 30 Apr 2011
Total Posts: 7707
02 Jul 2012 09:34 PM
Outstanding debt, or debt per capita, or debt as percentage of GDP, or what?
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thepit44 is not online. thepit44
Joined: 05 Sep 2008
Total Posts: 21143
02 Jul 2012 09:36 PM
Outstanding debt. By percentage, smaller than Burundi.

~Just a female businesswoman
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jbg23 is not online. jbg23
Joined: 21 Feb 2011
Total Posts: 2163
02 Jul 2012 09:39 PM
Good to know. Where does China owe most of its debt to? Itself?
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
02 Jul 2012 09:54 PM
On the contrary, to us.
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TaxRevenue is online. TaxRevenue
Joined: 13 Apr 2011
Total Posts: 36313
02 Jul 2012 10:01 PM
Nothing can help Greece--they are a lost cause.
It's not even funny.
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
02 Jul 2012 10:03 PM
Well, the european countries are about to make a deal which would make it look like they had a Reserve bank

Which they should already have by they way they do not therefore makes me mad.
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thepit44 is not online. thepit44
Joined: 05 Sep 2008
Total Posts: 21143
02 Jul 2012 10:22 PM
There are countries with far worse debt than Greece. Look at Luxembourg.

~Just a female businesswoman
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AeLiSTaS3 is not online. AeLiSTaS3
Joined: 02 Jan 2010
Total Posts: 4918
03 Jul 2012 06:01 AM
^
USA.
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thepit44 is not online. thepit44
Joined: 05 Sep 2008
Total Posts: 21143
03 Jul 2012 06:27 AM
Believe it or not, there are countries worse than the USA.

~Just a female businesswoman
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IamLibyan is not online. IamLibyan
Joined: 18 May 2012
Total Posts: 373
03 Jul 2012 06:37 AM
There are countries with far worse debt than Greece. Look at Luxembourg.
__
The thing here is not about the quantity of debt but other way more complicated things related to bonds and stuff.


Greece is in crisis, and that is not determined by looking at the "largest debt" lists on wikipedia, nor its solved that way.
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IamLibyan is not online. IamLibyan
Joined: 18 May 2012
Total Posts: 373
03 Jul 2012 06:40 AM
Check the lists of List of countries by public debt
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
03 Jul 2012 06:40 AM
Believe it or not, there are countries worse than the USA.

-

YOU DONT SAY!
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thepit44 is not online. thepit44
Joined: 05 Sep 2008
Total Posts: 21143
03 Jul 2012 06:40 AM
I'm awa that Greece has a much more complicated debt, but that doesn't mean you can ignore other debts.

~Just a female businesswoman
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IamLibyan is not online. IamLibyan
Joined: 18 May 2012
Total Posts: 373
03 Jul 2012 06:41 AM
I'm awa that Greece has a much more complicated debt, but that doesn't mean you can ignore other debts.
__
They are insignificant. You don't even know anything about them but the word "debt" in them.
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thepit44 is not online. thepit44
Joined: 05 Sep 2008
Total Posts: 21143
03 Jul 2012 06:42 AM
I you take China for example, they have a lot of debt, but America owes them much more, so it's not very complicated. For Greece, nobody owes them anything.

~Just a female businesswoman
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
03 Jul 2012 06:43 AM
Its alright to have some debt, but when its like 15 Trillion Dollars, then you know you need to get rid of some.


Some people go crazy over any amount of debt. Thomas Jefferson say it as an act of tyranny.

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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
03 Jul 2012 06:45 AM
@ThePitt


We may owe China lots of debt, but do we really need to give it back? No sir.

China is dependent on the US for the jobs that we send over. If they stop lending us money, then we pull our companies out of China, this China's economy would collapse.
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thepit44 is not online. thepit44
Joined: 05 Sep 2008
Total Posts: 21143
03 Jul 2012 06:46 AM
Yeah, Jefferson lived in a society 300 years ago.

~Just a female businesswoman
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
03 Jul 2012 06:47 AM
Even people today, like Ron Paul is crazed about any type of debt. He sees it as "Government Spending" And "Taxation"

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