On 03/25/2015 3:26 PM, Ed Huntress wrote:
....

Greece's per-capita debt is lower than that of the Netherlands,
France, the UK, Belgium, Switzerland, Sweden, Denmark...

....

It appears that there's no relationship.

The problem isn't per capita, it's whether there's sufficient GDP to be
able to service it or not.

There's a reason the PIGS are the one dragging down the world system
every time they near default.

That four of the five are in the top six and the fifth (Spain) is only a
few places outside is a pretty telling statistic and Japan has been in
the doldrums for 20-odd year now.


Besides the rampant corruption and all, the uncertainty
is the bane of any investment; entrepreneurial folks don't put money
where they perceive high risk/little reward.

The high risk doesn't appear to be related to perceived corruption.
Greece ranks 94 on the Corruption Perceptions Index, tied with India,
and there isn't any shortage of investment in India going on.
....

Not what I said; the bane of investment is the uncertainty in the
financial markets...corruption just makes it tougher to be competitive
and to fix the problems internally.

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