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Saturday, May 8, 2010

So you think Greece is a deadbeat?

Before some of us get too haughty and pompous, it might be good to take a look at some of the structural deficit figures published by the IMF in their April, 2010 WEO update. I've charted some of these figures for ease of digestion:
Well, the worst of them all is the good old U.S.A. Ireland and the U.K look pretty sick, too. So, in addition to the oft-quoted and currently focused upon Greece, we have the oft-quoted Portugal, Spain and Ireland and sometimes U.K. and then the rarely mentioned but worst offender - the U.S.