Economy What do you think about public debt of europe?

What do yo think about public debt of european countries? I've learned that is a big trouble and represent a big concern in any countries. Best regards.

Brady said:

What do yo think about public debt of european countries? I've learned that is a big trouble and represent a big concern in any countries. Best regards.

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The debt issue reaching crisis levels in Greece serves as a warning to other countries that are at risk of spending beyond their means. It also raises difficulties regarding financial management within the EU. Personally, I think that a lot of countries are spending more than they should, and that problem goes beyond European countries.

As I see it, the biggest issue is that the smaller Eurozone economies are not presently able to grow themselves out of debt. Major economic reforms are necessary.

sparkey said:

The debt issue reaching crisis levels in Greece serves as a warning to other countries that are at risk of spending beyond their means. It also raises difficulties regarding financial management within the EU. Personally, I think that a lot of countries are spending more than they should, and that problem goes beyond European countries.

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yes I think the same. I believe that big problem is spending "money" from other nations. China actually is buyin' a lot of bonds from european countries...well even US bonds. I got a bad felling about that.

the problem are the "piigs" countries (portugal, ireland, italy, greece and spain). countries with no productivity and with a big debt. the rich countries have to maintain these other countries because of their empty productivuty. i have heard hard words to this countries like "europe can't have an argentina". so the situation is difficult.

It is necessary to reduce drasticaly the welfare system and bureaucracy. We need less socialism and corporativism.