Greece’s fiscal situation far worse than US: Atlanta Fed
An Atlanta Federal Reserve paper, published in July in the EconSouth review for the second quarter of 2010, compares Greece's fiscal deficit to the United States's, and argues that despite the size of the US deficit, Greece's fiscal situation remains far worse.
The report examines the sovereign debt crisis in Greece, and its implications on other countries. It shows that the United States ran a budget deficit in fiscal year 2009 equal to about 10% of GDP and had a total stock of public debt
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