So, first let’s get the facts:
- Greece and Italy have the lowest household debt
- Greece, the UK and Germany have the lowest debt held by companies, while Spain and Ireland have the highest
- Greece and Italy have the highest public debt, with Spain and Ireland having the lowest
Now, my questions:
- It makes sense to fear the Greek and Italian government’s default on public debt, but why do they fear Ireland, Portugal and Spain? Please, enlighten me!
- If household and enterprise debt is so low in Greece, why did our banks need a bailout? BRING THE MONEY BACK!
- What happened to the myth of the Germans’ savings?
- Does this mean that GR, UK and DE companies are the healthiest?
- Doesn’t this demonstrate the capitalist dogma of «keeping public finances and private enterprises healthy and screwing the consumers»?
- Does this mean that Greek (and Italian) governments are right in rising taxes citizens to save the gov’s budget?
- What would and IMF economist advise the IE, PT and ES governments do?