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Thread: What do you think about public debt of europe?

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    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.

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    Great Adventurer sparkey's Avatar
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    Quote Originally Posted by Brady View Post
    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.
    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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    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.

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    Quote Originally Posted by sparkey View Post
    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.
    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.

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    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.

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

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