Then and Now: The European Debt Crisis has a new infographic on how the debt of major European countries has evolved from 2000 to 2010. It makes for sobering reading given the bailouts of Greece, Ireland and Portugal. It highlights the large and growing sovereign debts as a percentage of Gross Domestic Product. (source Eurostat)

Then and Now: The European Debt Crisis


One comment

  • 15/12/2011 - 04:01 | Permalink

    Hi Rfahey,
    This might be off topic, however, No Profile Comment
    All the Best
    In America: governments, businesses, individuals are now buried under a mountain of debt. A mountain of debt that will never be repaid.

    Who will borrow when they can’t make the payments on the debt that they have already? The math alone calls for a system reset, a debt jubilee.

    Investors are already losing… in a rigged monetary casino that rewards usury, speculation, and currency manipulation while looting main street.

    There is a moral principle that debts should be honored. That is, debts between businesses that buy and sell real products, not bundled ponzi schemes, debts between individuals, between friends and businesses that know each other to be rational and moral, debts based on investments where there is a rational expectation of return.

    There is also a moral principle that unjust debts should be cancelled, and usury legislated against. Debts that are ‘odious’, debts based on fraud, debts to dictators, debts arranged by oligarchs without the consent of the general population (the 99 percent who have been left out of the equation), debts based upon compound interest upon compound interest, that should have been written off long ago, the debts need to be cancelled in a general jubilee. Think outside the box. It’s time for a jubilee.

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