Március 3.szerda 5:30
Saving the Greek Sinner
The euro’s current weakness has one culprit: Greece. At 14% of GDP, Greece’s latest current-account deficit was the largest of the euro-zone countries after Cyprus. Its debt-to-GDP ratio stood at 113% by the end of 2009. As this year’s deficit is projected to be more than 12% of a shrinking GDP, the debt-to-GDP ratio will soar above 125% by the end of 2010, the highest in the euro zone.
