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> The average EU country would need to have more than four times (434 percent) its current annual gross domestic product (GDP) in the bank today, earning intere
by alecco 5y ago
> The average EU country would need to have more than four times (434 percent) its current annual gross domestic product (GDP) in the bank today, earning interest at the government’s borrowing rate, in order to fund current policies indefinitely. (2009)
https://www.cato.org/sites/cato.org/files/articles/gokhale-NCPA-319.pdf https://www.cato.org/sites/cato.org/files/articles/gokhale-N...