The International Monetary Fund thinks Greece is carrying too much debt. No news there. Greece’s debt is at about 180% of Greece’s GDP. Each intervention has attempted to decrease the debt. The government has cut back hard enough to create unrest. The best estimates now show Greece’s debt load remaining this high for at least a few years, even with favorable interest rates. No solution creates quick relief, so the threat of instability created by Greece may continue for years, too.

(Click on the photo for the link.)

“The IMF Has Made An Obvious Point About Greece’s Huge Debt” – Quartz

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s