COÏNCIDENCES ...le drapeau du Québec et celui de la Grèce se ressemblent.
La situation économique aussi... notre entêtement socialo-gogo-chiste...notre endettement
va nous envoyer dans le "folklore" a jamais.
Goodbye !
The crisis in Dubai may be over, at least for several months. It appears that the desert kingdom does not have enough capital to cover all of its debt obligations despite the $10 billion in financial aid from its neighbor Abu Dhabi.
The European crisis may be just beginning. Greece been flagged by credit agencies for being at risk for defaulting on their sovereign debt. As the AP wrote, Ireland and Greece both are running double-digit deficits and struggling with a basic duty of euro membership — to keep budget deficits within limits.
The Greek Prime Minister promised that his nation would balance its budget.lol The nation’s deficit is 13% of GDP. Greece’s debt is estimated at 300 billion euros according to The New York Times. That is more than 110% of gross domestic product. Prime Minister George Papandreou said he would cut the nation’s budget by 10% and strive to get his nation’s budget deficit to below 3% of GDP by 2013. These are the promises of a politician who, no matter how well intentioned, has to deal with the legislative branch of his government and the realities of a national economy that is still effectively in a recession. A major purpose of announcing good intentions is that the premier hopes that the capital markets will look more favorably on his nation’s bonds. The appeal is based on his request for investors to trust him, and really nothing more.
Greece’s single largest problem is that it does not have a neighbor like Abu Dhabi that is so wealthy from its oil production that it has access to $10 billion to give aid to another nation.
The Greek Prime Minister promised that his nation would balance its budget.lol The nation’s deficit is 13% of GDP. Greece’s debt is estimated at 300 billion euros according to The New York Times. That is more than 110% of gross domestic product. Prime Minister George Papandreou said he would cut the nation’s budget by 10% and strive to get his nation’s budget deficit to below 3% of GDP by 2013. These are the promises of a politician who, no matter how well intentioned, has to deal with the legislative branch of his government and the realities of a national economy that is still effectively in a recession. A major purpose of announcing good intentions is that the premier hopes that the capital markets will look more favorably on his nation’s bonds. The appeal is based on his request for investors to trust him, and really nothing more.
Greece’s single largest problem is that it does not have a neighbor like Abu Dhabi that is so wealthy from its oil production that it has access to $10 billion to give aid to another nation.
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