Greece didn’t wake up one morning and discover debt was bad.
It discovered that debt becomes a very different problem when investors stop trusting your ability to manage it.
France’s government debt is now 119% of GDP.
Greece was around 128% in 2009, before its first bailout in 2010.
It discovered that debt becomes a very different problem when investors stop trusting your ability to manage it.
France’s government debt is now 119% of GDP.
Greece was around 128% in 2009, before its first bailout in 2010.
