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So I'm so super ignorant in this topic. Greece is heavily in debt and in a financial crisis while the US is deeply in debt but doesn't seem to be on the verge of economic collapse. Is this purely because of political power? The owners of Greece's debt are actually larger than their debtor while the U.S. has its debt spread amongst many lesser economic powers who would suffer majorly if the U.S. collapsed and thus have no interest in forcing the issue? Also, is there a way to merely compartmentalize Greece's current debt with NO further interest? Have them set a new balanced budget that is set to pay back the current debt slowly overtime with no threat of further accumulating interest?
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Jul 16, 2015 21:58
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| # ¿ May 9, 2024 08:47 |
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