Here in Greece it's still summer the sun shines and there is nothing to worry about debt since it's inevitable. Stop trying to model and forecast it's evolution as if Greece is a single country who decides for it's destiny, because in fact this is a part of the European Union and the degrees of freedom are much greater than simple maths given here...
Instead and before doing any maths you have to make decision in what context you define your problem. Just compare the greek debt to the EU GDP and you will recognize why this is a political problem that one way (United States of Europe) or the other (bye bye lazy Greeks, PIGS, etc.) will be solve.
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The Simple Math Behind Greece’s Complicated Situation
relax and cool down dear fellows,
Here in Greece it's still summer the sun shines and there is nothing to worry about debt since it's inevitable. Stop trying to model and forecast it's evolution as if Greece is a single country who decides for it's destiny, because in fact this is a part of the European Union and the degrees of freedom are much greater than simple maths given here...
Instead and before doing any maths you have to make decision in what context you define your problem. Just compare the greek debt to the EU GDP and you will recognize why this is a political problem that one way (United States of Europe) or the other (bye bye lazy Greeks, PIGS, etc.) will be solve.