Quote:
Originally Posted by thommy
not to forget that the "greece problem" lead to the low interest rate.
ALL countries with higher dept have been able to reduce this debt for this reason.
even germany what had one of the lowest debts in the EU saved til today a few hundred billion in interest and lowered the total debt significant. countries with higher debt than Germany had saved a lot more - thanks greece !!!
but donīt try to explain that to paul - he can think from his wallet to his trouser pocked and back. he will never have the big view on those things as he simply does not have the skills for it.
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So how come debt to GDP has risen?
You're refusing to address why need to borrow so much? Shouldn't the rising wages of the people support the extra needs?