Quote:
Originally Posted by Paul Markham
Here you clearly show your ignorance. The reason for the debt of the Euro states is because the EU created the Euro, gave it to countries without the ability to manage the currency and allowed them to borrow way beyond their means to repay. Greece was at 100% 1995 to 2007, then skyrocketed to 179.0% of GDP (2016). Greece adopted the Euro in January 2002. See the picture? It's having to endure massive cuts to keep it at 179%. The only option has is to leave the Euro and go back to the Drachma and default. But that would start a collapse of the Euro.
Now you're talking sense. Merkel invited the migrants without any consultation with Germans. Germany and France will be more powerful in a weaker EU afteer the UK leave. So not very good for the other EU countries.
Soyou say. What country do you pay taxes in, is it a country you live in?
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paul i know that you are older and that it is not easy for you to understand things what you have never learned. so I tried to find an easy written article what explains you when dept to gdp is good and when it it bad.
i think this explanation is so easy written that even you should be able to understand it.
https://www.thebalance.com/what-is-t...-ratio-1978993
so if you did understand it after reading you should rethink your thought before you tell the world what is good and what is bad.
and i donīt complain you for not knowing it - i only complain you that you try to make the readers here THINK you would have skills in that.
but you should accept that you are only a ex middle class porn producer and not the economy minister of tabaluga land.