> The current debt to GDP of Greece is 175%. The GDP is not exactly a good economic indicator because in its expenditure-based determination it includes govern

> The current debt to GDP of Greece is 175%. The GDP is not exactly a good economic indicator because in its expenditure-based determination it includes government spending which can be increased by increasing the debt. Add to that the EU habit of making up numbers for the output of black markets like drug traffic and prostitution and adding it to the GDP and you'll see why it's useless when trying to decide the solvency of a state.