16.2.2010

Hiding government debt

The headlines have been flaming with Greece's remarkably creative debt hiding procedures, which have been invented by banker firms such as Goldman Sachs.

However, it seems that Greece is not alone here; public sector in other European countries, particularly Italy and Spain, is grinding to a halt due to debt. Here's a good blog entry about this stuff:

http://fistfulofeuros.net/afoe/economics-and-demography/just-what-is-the-real-level-of-government-debt-in-europe/

Ei kommentteja:

Lähetä kommentti