Says the one whose country is 352,406,723,085 € in debt
(Mar 4, 2017, 07:45 PM)Lods Wrote: [ -> ]Says the one whose country is 352,406,723,085 € in debt
Says the one whose country is £ 1,730,734,341,343 in debt
Difference is we can keep up with the repayments, Greece are treading water barely paying off the interest....you uneducated fuck
If debt were measures in dick sizes - I would win.
As of Q1 2015, UK government debt amounted to 81.58% of total GDP.
Greece recorded a government debt equivalent to 176.9% of the country's GDP in 2015.
That's right folks, Greece's debt is higher than it's GDP.
Implication of high Debt to GDP ratio are:
A study show that higher debt to GDP country grows 1.3% slower than lower debt to GDP ratio over a period of 5 years.
'Crowding out effect' in which private sector does not get credit from the economy, hence no investment by companies
Debt can be internal and external.
Internal debt create over crowding effect and inflationary tendencies at the time of repayment as people of country has money.
External debt require foreign currency(dollar, yen, Euro, pound) for repayment, if foreign currency id not present then it may lead to balance of payment crisis(as we see in Greece).
Long story short, the UK is doing fine, but Greece is down the drain.
(Mar 4, 2017, 08:53 PM)Lord Octagon Wrote: [ -> ]As of Q1 2015, UK government debt amounted to 81.58% of total GDP.
Greece recorded a government debt equivalent to 176.9% of the country's GDP in 2015.
That's right folks, Greece's debt is higher than it's GDP.
Implication of high Debt to GDP ratio are:
A study show that higher debt to GDP country grows 1.3% slower than lower debt to GDP ratio over a period of 5 years.
'Crowding out effect' in which private sector does not get credit from the economy, hence no investment by companies
Debt can be internal and external.
Internal debt create over crowding effect and inflationary tendencies at the time of repayment as people of country has money.
External debt require foreign currency(dollar, yen, Euro, pound) for repayment, if foreign currency id not present then it may lead to balance of payment crisis(as we see in Greece).
Long story short, the UK is doing fine, but Greece is down the drain.
let me simplify this for you:
nerds
Says you, you fucking olive munching, hairy chested, rainforest pubed NERD.
Shortbread is a stupid annoying as fuck meme.
the only people who think it is funny are the 12 year olds kissing your ass no one else gives a fuck.
get the fuck out of here and take your shitty short bread with you.