/biz/ - Business & Finance

Anonymous Sun Mar 9 11:41:27 2014 No.196027 [DELETED]

[View]
File: 21 KB, 400x400, euro-debt-crisis-medium[1].jpg [View same] [iqdb] [saucenao] [google]

If taxes balance the budget why do European countries by and large have a higher amount of debt as a percent of their GDP? These countries have higher taxes so by left logic their budgets should be more balanced.

http://en.wikipedia.org/wiki/List_of_countries_by_public_debt

Public debt as a percentage of GDP

Greece: 161%
Italy 126%
Portugal 123%
Iceland 118%
Ireland 118%
Belgium 99%
UK: 90%
France: 89%
Spain 85%
Canada: 84%
Germany: 81%
Austria: 74%

USA: 72%

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]

Navigation
View posts	[+24]	[+48]	[+96]

/biz/ - Business & Finance

Search: