Mr Khan on 13 November 2013
| SlayerRondo said: A measure of a countrys federal debt in relation to its gross domestic product (GDP). By comparing what a country owes to what it produces, the debt- to - GDP ratio indicates the country's ability to pay back its debt. If a nation cannot make payment of the debt then they will default. Therefore the higher the debt to GDP ratio the greater the likely hood that the nation will default. This is what happened to Greece and forced them to beg the EU for bailouts twice. If America defaults there is no one capable or willing to bail us out and therefore I believe it is critical that we avoid this happening. |
Greece does not control its own currency. There's a large difference.
Monster Hunter: pissing me off since 2010.
