A German-Greek Dialogue, Of Sorts
Germany (with a debt of 185.2% of its GDP) is leading a crusade against the Greek government's irresponsible fiscal policies (at 48.4% of the GDP).
Meanwhile, Marc Baronnet's calculations indicate that the magnitude of Greek and German government spending is roughly the same (40-45% of the GDP).
Germany is so adamant about putative Greek "irresponsibility" that Angela Merkel raised even the specter of possible expulsion from the Euro-zone, in the context of discussions about the Greek crisis. But even if that doesn't happen, Greece "needs to do its homework."
Unless these data are seriously off (which is always a possibility with stuff one gets from the web) I'm not sure what exactly gives the German government this high podium to talk down from.
Meanwhile, Marc Baronnet's calculations indicate that the magnitude of Greek and German government spending is roughly the same (40-45% of the GDP).
Germany is so adamant about putative Greek "irresponsibility" that Angela Merkel raised even the specter of possible expulsion from the Euro-zone, in the context of discussions about the Greek crisis. But even if that doesn't happen, Greece "needs to do its homework."
Unless these data are seriously off (which is always a possibility with stuff one gets from the web) I'm not sure what exactly gives the German government this high podium to talk down from.
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