4 ms·

Here's the gross gov't debt per capita: https://apps.axibase.com/chartlab/e92a4f6c/2/#fullscreen https://apps.axibase.com/chartlab/e92a4f6c/2/#fullscreen

• tyingq 9y ago
  That is more interesting, thank you. I wonder what happened in Ireland.
  • barking 9y ago
    Bank guarantee and then arm-twisting by EU not to do and Iceland because of possible contagion. Also welfare and pensions were maintained as the economy shrunk, possibly to prevent unrest.
  • the_why_of_y 9y ago
    Deregulation and low tax rates created an outsized financial services industry that fueled a housing bubble which then burst and had to be bailed out by the state, quadrupling the public debt. http://crookedtimber.org/2010/11/09/cultures-of-impunity/ http://crookedtimber.org/2010/11/09/cultures-of-impunity/