Finance: Faculty Publications

How the U.S. is not Greece

Document Type

News Article

Publication Date

2-8-2012

Publication Title

Savannah Morning News

Abstract

This news article was published in Savannah Morning News.


There has been Ireland, Portugal and Spain. But the saga that is the European sovereign debt crisis has had but one main character since 2009, Greece. With a net debt to GDP ratio — all financial liabilities of the federal government minus assets as a percentage of gross domestic product — sitting treacherously at 150 percent, the seventh smallest country of the eurozone has the potential to single-handedly dismantle the 12-year-old currency area. As the fate of the eurozone continues to hang in peril, one might ask, “How are we different than Greece?” Or “Are we different than Greece?” Many have entertained this question...

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