3 ms·

Germany has 80% debt/gdp ratio.

• nl 15y ago
  Germany has 80% debt/gdp ratio Yes, and...? Lots of people have a home loan that is greater than their annual income (ie, their debt/gdp ratio is greater than 100%) - even in places that had no housing bubble. A high debt/gdp ratio isn't bad unless you can't service your debt. Germany clearly can (as can most countries when the economy is growing)
  • viandante 15y ago
    Italy and other South European countries are not growing.
    • nl 15y ago
      Exactly. But to claim that is because of some "welfare state" thing.. the facts just don't back that up.
      • viandante 15y ago
        I am not claiming that. I am saying that the problem with Europe is public debt and public spending. And that at European growing rates, expecially in the south, public spending cannot go up.