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Greek situation

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All that national debt that states will never pay off – what is the point of it, is it not just an illusion?

77 views October 19, 2018 November 21, 2018 cakkgyenter 0

Well, I don’t know if there is a point in the world’s states owing more money than what exists in the world. This is just the way it is, but what we need to make sure that when you borrow money, you invest it and not spend it on consumer goods.

The question is not whether a state pays back its full debt, but whether it is capable of repaying enough of them so that it can borrow more money in the future.

Answered by: Greek Ministry of Finance

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