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It's a nice thought ... but €3 each covers the immediate payment needed. Total Greek debt is €323 B [1] and there are 503 million inhabitants in the EU, making
by aquark 11y ago
It's a nice thought ... but €3 each covers the immediate payment needed.
Total Greek debt is €323 B [1] and there are 503 million inhabitants in the EU, making 'pay-off the debt' more like €642 per inhabitant
For context total EU sovereign debt [2] is €24,415 per inhabitant
[1] http://www.bbc.com/news/world-europe-33325886 http://www.bbc.com/news/world-europe-33325886
[2] http://www.eudebtclock.org/ http://www.eudebtclock.org/
- mikeash 11y agoThat really puts the scale of the problem in a new perspective for me. That's $715 (at the current exchange rate) for every person on the continent just for the debt of one tiny little corner of it.