Dear @djennyfloro
Yes, the word is to keep the national spendings under 3% because that is the level where the nation can't catch up with its debt, and finally end up like Greece has ended up
Thank you for your great comment.
Is this problem with not being capable of paying debt really related to those 3% national spendings? Isn't more related to ratio between debt and GDP? Just wondering.
Recently I've bumped into this site: https://www.usdebtclock.org/world-debt-clock.html
It does shows debts of all major countries and I noticed that with few exceptions everywhere debt is increasing. However 4 countries (including Poland and Germany) seem to have their debt going down.
And I was wondering how could that be possible? Also I realized that Poland has very good ratio between debt to GDP (around 50%), which is great comparing to countries like France (107%) or Italy (147%). Not to mention JApan (261%).
I found it so confusing. It would suggest that Poland have more stable economy than majority countries out there. Looking at those numbers could even suggest that Japan is serious financial trouble.
Mind sharing your thoughts?
Yours
Piotr
Hi @crypto.piotr
I'd rather not step into deeper depth, this is not my field of expertise, and rather than to spurt nonsense, I'd rather simply say that I was explained about the 3% by someone who is great in Finance & analytics.
I was not able to retain the entirety of his explanation, but it made total sense. I'm much too unfamiliar with English acronyms overall to fully understand your answer too, so I'll look into it too.
Friendly,
DF.
Dear @djennyfloro
I just realized that I never actually thanked you for your amazing comment. I absolutely appreciate it.
Perhaps you could also visit my latest post and share your own view on discussed topic. I would love to hear your opinion.
Yours
Piotr