Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Their banks failed first, and their public debt was relatively low.

Public sector balance + private sector balance = current account balance

Ireland had a hole in the private sector and a healthy public sector.

Greece had a hole in the public sector and a healthy private sector.

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Tue Apr 13th, 2010 at 01:05:11 PM EST
[ Parent ]

Others have rated this comment as follows:

JakeS 4

Display:

Top Diaries

Occasional Series