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You plotted the debt-GDP ratio; not its change.


emre: I didn't use precise language but I plotted the change. I indiced the ratio to 100 for 2009 so when Greece/Spain got to 135 in 2011, it represents an increase of 35% in 2 years of the debt-to-GDP ratio. Hope this clarifies what I did there.


I think the relevant issue here is that US gets special treatment as a reserve currency so shows how much or how little any of these numbers matter. It's all about the perception of the country's ability and willingness to pay it back (of which Greece has little of either).

Rosie Redfield

The flags, and the lines and dots dropping form them, are very distracting. If flags are desired they should be over on the right beside the country names and %s.

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