Soleron on 30 January 2013
| Nem said: Given most countries are below zero with huge debts... being on 200 is still good. The question is if they have credit, cause they desperatly need more money. |
Distinction between debt and cashflow. The US has hundreds of billions on-hand EVEN if they're trillions in debt. As long as a country can pay its workers it can survive with any amount of debt. Zimbabwe cannot.
Zimbabwe according to this has $217, no ability to borrow (presumably) and no ability to print money because they work in US dollars and do not have their own currency (more precisely, if they printed a quadrillion Zimbabwean-dollar banknote it'd be worth less than $217.
