except you can't account for debt without accounting for assets.
Japan, Greece, and Italy have the highest portion of debt to GDP (235%, 182%, 133%) except that Japan and Italy are very rich countries, Greece less so...
Japan, Greece, and Italy have the highest portion of debt to GDP (235%, 182%, 133%) except that Japan and Italy are very rich countries, Greece less so...
Japan issue its own currency, so it's in the same position that USA.
Italy or Greece are in the same position that California or any other state. Actually worse, because the FED work for the USA states, the Central European Bank, for the European states, not so much.
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