Current EU debt is good. What needs to change is who’s at debt. Highly indebted countries, like Italy, need to reduce theirs, while low debt countries need to increase theirs. A well invested loan is very useful.
wil3k on
At least they will never overtake the US.
seataccrunch on
USA, USA, USA oh wait this isnt going to go well is it. Its crazy how short sighted humans are. Sigh
Wischiwaschbaer on
USA still number one by magnitudes! Woo! USA, USA, USA!
Elzor51 on
Well, I feel like there is some context missing here. Leveraging debt for investments is good, maybe that what’s China is doing ? Possibly.
But for sure, Europeans countries are just financing a cost of living they can’t sustain. There is no investments, just a slow death, and we are so behind USA and China from a business perspective.
rlyjustanyname on
If you include communal debts or state level debts China is actually insanely in debt, even more than the US itself.
12 commenti
Man. China leaves us behind at every metric.
It doesn’t matter who has debt. If american economy debt-crashed tomorrow europeans would still be in deep shit.
and that´s the one we know of. Can´t imagine how big is the real one.
38 tril jesus. It was like 30 just few years ago.
What really matters is what kind of debt and will the investment be fruitful
If you count as % of GDP, [that already happened in 2022 according to BIS](https://data.bis.org/topics/TOTAL_CREDIT/BIS,WS_TC,2.0/Q.CN.C.A.M.770.A?additional_ts=BIS%2CWS_TC%2C2.0%255EQ.XM.C.A.M.770.A), and in 2019 [according to IMF](https://www.imf.org/external/datamapper/datasets/GDD).
Current EU debt is good. What needs to change is who’s at debt. Highly indebted countries, like Italy, need to reduce theirs, while low debt countries need to increase theirs. A well invested loan is very useful.
At least they will never overtake the US.
USA, USA, USA oh wait this isnt going to go well is it. Its crazy how short sighted humans are. Sigh
USA still number one by magnitudes! Woo! USA, USA, USA!
Well, I feel like there is some context missing here. Leveraging debt for investments is good, maybe that what’s China is doing ? Possibly.
But for sure, Europeans countries are just financing a cost of living they can’t sustain. There is no investments, just a slow death, and we are so behind USA and China from a business perspective.
If you include communal debts or state level debts China is actually insanely in debt, even more than the US itself.