4 ms·
It conveniently omits the debt held by the US on the federal level, which is 133 % of GDP, or more than any of the countries listed except Italy at 151 %. And t
by IfOnlyYouKnew 4y ago
It conveniently omits the debt held by the US on the federal level, which is 133 % of GDP, or more than any of the countries listed except Italy at 151 %. And there is no debt on the EU level.
- mirntyfirty 4y agoIf I read it correctly this is mentioned with the caveat that the federal reserve can adjust monetary policy to address that whereas the individual European countries mentioned are unable to.