hahahahahahahahahahahahahahah *breathe* hahahahahahahahahahahahahahah, so you're saying that some where that needs a $147billion bailout is better off than us?!
they can't only go up?! they're gonna be repaying that $147billion loan for a long while yet, and how will they repay something half the size of their GDP? serious cuts in areas such as culture and public services (public services make up 80% of their economy!!!), it's going to be grim, especially if Germany get their wish and make them take a penalty for needing the loan in the first place..... so will greece be able to afford the repayments or will the IMF (ie USA) be called in, and they do a wonderful job of ruining peoples economies....
the UK government would have to do something stupid to quadruple our debt so it was over 100% of our GDP. we have the 5th largest economy in the world, Greece is nearer 25th.
and Bluegreen, i don't read the financial times, and i'm not really interested in economic theory either, but your fire and brimstone attitude, indeed anyone with that kind of attitude while making sweeping generalised statements and without being more than vague about figures and sources, really irks me- i believe in politics they call it "spin"
must stop, need to pack to go home from uni