NJ5 on 05 February 2010
| Mummelmann said: And to think that a lot of people were ready to call the financial crisis over already... This is sad reading indeed. |
Well many of us have been pointing out that sovereign debt would cause problems eventually.
When you have basically all the Western countries running deficits around 10% of GDP, and in many cases with debt nearing 100% of GDP (or in some cases exceeding it, see Greece or Japan for example), the unsustainability is pretty obvious.
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