Hi
I came across this video about the result of Greek assets sales.
http://youtu.be/bISfaVkszo0
How close is New Zealand to this sort of thing?
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Possum:
How close is New Zealand to this sort of thing?
wellygary:(which is why the idea of an ANZAC currency with Australia is now totally and utterly dead in the water)
nakedmolerat: public debt is government debt
private debt is non-government debt (home loan, company etc)
oxnsox: Theres other threads here on this , and I haven't watched the entire video you link to.... but, in essence Greek debt is Government debt. (monies borrowed by the politicians to pay state wages and bills).
In New Zealand we have high Public debt, that is money that individuals have borrowed from banks that have borrowed from other (offshore banks) institutions. (mortgages business and credit card debt).
Our Government debt is not (currently) seen as being too scary or past the tipping point.
Galaxy S10
Garmin Fenix 5
joker97: nice .. please explain "USA is the world's reserve currency"? thanks!!!!
Possum: Hi
I came across this video about the result of Greek assets sales.
http://youtu.be/bISfaVkszo0
How close is New Zealand to this sort of thing?
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