******************** POSTING RULES & NOTES ******************** #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. *****************************************************************
This IMO is a must-read, thanks Louis. It confirms the Debt Commission's findings: http://internationalviewpoint.org/spip.php?article4095 ... And puts the debt question in a global context -- in both the geographical sense and in terms of the economic system as a whole (i.e. private vs. public debt, production versus finance, etc.). On Mon, Jun 29, 2015 at 9:14 AM, Louis Proyect via Marxism < marxism@lists.csbs.utah.edu> wrote: > ******************** POSTING RULES & NOTES ******************** > #1 YOU MUST clip all extraneous text when replying to a message. > #2 This mail-list, like most, is publicly & permanently archived. > #3 Subscribe and post under an alias if #2 is a concern. > ***************************************************************** > > When debt is seen in its totality a different picture emerges from the one > usually portrayed by the media. The total debts of the Netherlands and > Ireland are nearly seven times their GDP, Denmark’s is 5.5 times and the > UK’s more than four times. How sustainable in the long run are the levels > of non-government debt in these countries? Is the exceptionally low > exposure of the Greek financial sector to debt an indicator that its > liabilities have been disguised as Greek government debt? And how > sustainable is household debt? > > full: > http://theconversation.com/greece-woes-show-how-the-politics-of-debt-failed-europe-42787 > _________________________________________________________ > Full posting guidelines at: http://www.marxmail.org/sub.htm > Set your options at: > http://lists.csbs.utah.edu/options/marxism/acpollack2%40gmail.com _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: http://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
