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except you can't account for debt without accounting for assets. Japan, Greece, and Italy have the highest portion of debt to GDP (235%, 182%, 133%) except tha
by rbcgerard 9y ago
except you can't account for debt without accounting for assets.
Japan, Greece, and Italy have the highest portion of debt to GDP (235%, 182%, 133%) except that Japan and Italy are very rich countries, Greece less so...
- RobertoG 9y agoYou can't compare Japan with Italy or Greece. Japan issue its own currency, so it's in the same position that USA. Italy or Greece are in the same position that California or any other state. Actually worse, because the FED work for the USA states, the Central European Bank, for the European states, not so much.
- rbcgerard 9y ago