Greece Falls Into 'Death Spiral': Rising Debt, No Growth

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Egg
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Greece Falls Into 'Death Spiral': Rising Debt, No Growth

Post by Egg » Tue Oct 04, 2011 2:52 pm

The difference between the US and Greece; we have a huge army, nuclear weapons up the kazoo and a central bank that will just keep printing.

Drowning in red ink, Greece has nowhere to turn to revive the economic growth that might put its debt on a sustainable trajectory, reassure angry foreign creditors and offer hope to its recession-weary citizens.

Instead, the country finds itself in a vicious circle—a death spiral, some would say—in which it is borrowing ever more to keep up on its existing debts, crushing growth in the process and thereby worsening its all-important ratio of debt-to-gross domestic product.

http://www.cnbc.com/id/44758520


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lkwalker
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Re: Greece Falls Into 'Death Spiral': Rising Debt, No Growth

Post by lkwalker » Tue Oct 04, 2011 2:53 pm

Third Greek thread covering the same ground. Excellent.
"If you don't think to good, don't think too much." Yogi

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Egg
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Re: Greece Falls Into 'Death Spiral': Rising Debt, No Growth

Post by Egg » Tue Oct 04, 2011 2:55 pm

lkwalker wrote:Third Greek thread covering the same ground. Excellent.
Is it? Well, I like Greece so screw it.


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Pigeon
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Re: Greece Falls Into 'Death Spiral': Rising Debt, No Growth

Post by Pigeon » Tue Oct 04, 2011 2:56 pm

Instead, the country finds itself in a vicious circle—a death spiral, some would say—in which it is borrowing ever more to keep up on its existing debts, crushing growth in the process and thereby worsening its all-important ratio of debt-to-gross domestic product.
Isn't that the US policy?

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lkwalker
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Re: Greece Falls Into 'Death Spiral': Rising Debt, No Growth

Post by lkwalker » Tue Oct 04, 2011 7:54 pm

Nah. That's life.
"If you don't think to good, don't think too much." Yogi

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Pigeon
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Re: Greece Falls Into 'Death Spiral': Rising Debt, No Growth

Post by Pigeon » Tue Oct 04, 2011 7:58 pm

If it is life, who took my money printing press? i could certainly use it now.

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