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mythology

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4. That actually really doesn't put it in perspective

Sun Jul 5, 2015, 08:50 PM

Jul 2015

because it doesn't compare two similarly sized economies.

Greek's GDP is about $22,000 per capita. The same in the U.S. is about $53,000. The total economy of Greece is about 238 billion dollars and the total size of the U.S. GDP is about 17.5 trillion dollars.

So Greek's debit is actually about 1.5 times the size of their total economy.

You can't really compare the largest economy in the world to a country that is in the mid to low 40s in terms of size.

That said, we also drastically need to cut back on our military spending and get our financial house in better order.

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Putting the Greek debt in perspective [View all] Fumesucker Jul 2015 OP

Yep. SusanCalvin Jul 2015 #1

+1.5 trillion MannyGoldstein Jul 2015 #2

K&R Sherman A1 Jul 2015 #3

That actually really doesn't put it in perspective mythology Jul 2015 #4

"we also drastically need to cut back on our military spending" So true, we would be far better off cstanleytech Jul 2015 #7

Perspective counts for a lot Fumesucker Jul 2015 #8

Another number: $10 trillion PETRUS Jul 2015 #10

Now that really is an interesting perspective Fumesucker Jul 2015 #14

Fiction. Igel Jul 2015 #16

Either way, it calls into question the IMF's judgement on economic matters, eh? nt PETRUS Jul 2015 #19

130+% of GDP... ProdigalJunkMail Jul 2015 #5

It's good that there is only one way to look at things, one perspective Fumesucker Jul 2015 #9

laugh all you like... ProdigalJunkMail Jul 2015 #13

Thirty one recs as of this moment Fumesucker Jul 2015 #15

yes, DU has all the brains regarding international monetary policy ProdigalJunkMail Jul 2015 #20

You are completely missing my point while helping me make it Fumesucker Jul 2015 #21

Merkel doesn't care. OnlyBernieBurnsBush Jul 2015 #6

OK, now that you mention it I see the resemblance Fumesucker Jul 2015 #12

But we NEED the F35 for the upcoming Earth VS Flying Saucers air war.... Spitfire of ATJ Jul 2015 #11

Greek GDP is roughly $250 Billion Adrahil Jul 2015 #17

I like how you put this Hydra Jul 2015 #18