Economy What do you think about public debt of europe?

[Brady]

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.

 

[sparkey]

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.

 

[Cambrius (The Red)]

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.

 

[Brady]

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.

 

[Canek]

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.

 

[Segia]

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