If the debt of Greece devalues, as is happening now, the situation of Greece certainly should improve! Euro devalued almost 20% last 12 months*! If the value of exports and the PIB of Greece devalued in a less amount, or even grows, the ratio of the debt should go from 200% to 160 or 180%. Am I right? I think also that Greece should tax heavilly the imports because it imports the double of the exports, generating a deficit of more than U$20billion! This would stimulate the local products to substitute the imports. I believe am I right again! The deficit of imports as it is now,is alone responsible of the growth of the debt in 7%!
*If i had a debt of a million euros, and my assets in dollars, Iwould be laughing from ear to ear, because I would now have a 200 thousand dollars profit! Where does go the profit of Greece in the debt?
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The Simple Math Behind Greece’s Complicated Situation
If the debt of Greece devalues, as is happening now, the situation of Greece certainly should improve! Euro devalued almost 20% last 12 months*! If the value of exports and the PIB of Greece devalued in a less amount, or even grows, the ratio of the debt should go from 200% to 160 or 180%. Am I right? I think also that Greece should tax heavilly the imports because it imports the double of the exports, generating a deficit of more than U$20billion! This would stimulate the local products to substitute the imports. I believe am I right again! The deficit of imports as it is now,is alone responsible of the growth of the debt in 7%!
*If i had a debt of a million euros, and my assets in dollars, Iwould be laughing from ear to ear, because I would now have a 200 thousand dollars profit! Where does go the profit of Greece in the debt?