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1. | parent_author | taskmaster4450le |
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parent_permlink | re-reonarudo-5avjkb |
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author | reonarudo |
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permlink | re-taskmaster4450le-5hf68v |
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title | "" |
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body | "What's interesting about the euro zone is how different the countries in it are, which is, in fact, the greatest weakness of the entire currency union. The national governments of the south are one step away from insolvency. The north is in much better shape, Germany in particular.
In the US, some of the largest and the wealthiest coastal states have relatively large amounts of debt per capita. For instance, California is ranked 14th.
https://ballotpedia.org/California_state_debt
New York has the 4th largest amount of debt per capita in the union.
https://ballotpedia.org/New_York_state_debt
The data is from 2015 but I'd be surprised if the situation had changed too much in the last five years.
Germany's GDP growth (source World Bank):
![image.png](https://images.hive.blog/DQmdfMVaNKwbZKnEB3T7XADxJiBVvKsHg6ydq5wY6g5JnZG/image.png)
![image.png](https://images.hive.blog/DQmfSwEegc8LSWsDEkZKnaS1vYBtMFEK1hRsqg5AxabwKtT/image.png)
I don't see an essential difference between the US and Germany in terms of growth post financial crisis (2008).
Growth has been around 2 percent in both countries between 2010 and 2019. It has fluctuated more but the average is around 2 percent in both.
Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@reonarudo/re-taskmaster4450le-5hf68v)" |
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