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by Gys 3913 days ago
For example. But with a focus on a budget as well. The problem now is governments overspending because in a way it helps the current politicians to be re-elected. But in the long term debts are not good. I think Greece is a very good example how things can go wrong that way.
1 comments

Greece has been sacked by a bunch of oligarchs and, then, sacked again by their European partners trying to save the European banks but, their real problem, is that they are not a sovereign state anymore. You can't be a sovereign state if you have not control of your money.

States are not households. The debt of a country is a very different animal that the debt of firm or an individual.