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Debt service is however not one of Greece's current problems, no matter what they say or think.
by peterfirefly 11y ago
Debt service is however not one of Greece's current problems, no matter what they say or think.
- ZenoArrow 11y agoCan you elaborate on why you think that?
- peterfirefly 11y agoBecause they don't have to spend much to service their current debt. Maturities have been extended, the interest is artificially low, payment of interest has been postponed. There are other EZ countries that have to spend quite a bit more to service quite a bit less debt because they were not as special as Greece.
- tptacek 11y agoOne reason is because they consistently run primary deficits.