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It's about time the ratings agencies started rating debt accurately. EU states have some very serious debt problems.
by fleitz 17y ago
It's about time the ratings agencies started rating debt accurately. EU states have some very serious debt problems.
- VBprogrammer 17y agoAs does most of the western world.
- riklomas 17y agoAs does most of the world. https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html?countryCode=# https://www.cia.gov/library/publications/the-world-factbook/...
- sailormoon 17y agoThat graph is a little misleading. For example, Japan is right up there but the majority of their government's debt is internal; not good by any means but not as volatile as the Greek situation. Worst comes to worst, the Japs can just print money on demand - in fact I think there has come to pass a tacit understanding that that is exactly what will happen, as there is no chance of the money ever being paid off by any other means. The Greeks have no such luxury. I'd like to see a ranking of countries by external public debt.
- anamax 17y agoRelying on regulated agencies to tell us the truth about govt. What could possibly go wrong?