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Re: Eurozone will collapse...
And there's the kicker!
This assumes tax and consumers spending are constant - the taxes haven't been constant for decades.....
Krugman's article (where I found your IMF chart), states that Greece ran a small budget surplus last year, if you didn't count interest (I am assuming on Government debt) - that's like saying my bank account is in credit, if you don't count my mortgage payments or HP loan repayments.
He is being 'economical with the actualité'*......
*see what I did there? ;-)
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