RE: DID OUR "WORLD LEADERS" JUST PUSH GLOBAL RECESSION AWAY from our doorsteps?
Dear @shanghaipreneur
Thank you for your great comment.
The currency union aspect of it was never a good idea in the first place. It's a matter of when not if that happens.
Is that really how do you see it? I wonder how US in the past managed to unite all states and introduce USD to all of them. I wonder why same couldn't happen in europe.
ps.
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