On Wed, 15 May 2002, Doug Henwood wrote:
> >BTW, how big of a debt-GDP ratio is this?
>
> Russia's 49% is around Latin American levels - a bit below Chile's, a
> bit above Mexico's, close to Brazil's.
Interesting. Germany is higher than that, no? And Italy and Japan are more than double that high. Are those three outliers, or is the average Latin American debt-GDP ratio now lower than the European and OECD averages? And yet we still call them profligate without a touch of shame.
Michael