It’s getting very expensive for European countries to borrow money — not just Greece and Ireland, but, also Spain, Portugal, and Italy. The U.S., on the other hand, can still borrow money incredibly cheaply. Here are the figures from today:
Jess Jiang/NPR
This, at the moment, may be the most important distinction between the debt picture in the U.S. and Europe. It means that the U.S. can continue to finance its deficit spending relatively cheaply, while European countries are forced to spend more and more just to pay the interest on their debt.
To read the full, original article click on this link: 3 Ways Of Looking At Government Debt » Jamble Magazine Green Economy
Author: Jacob Goldstein
