- File Size: 216 KB
- Print Length: 27 pages
- Publisher: For Dummies (February 1, 2012)
- Publication Date: February 1, 2012
- Sold by: Amazon Digital Services LLC
- Language: English
- ASIN: B0076L9T94
- Text-to-Speech: Enabled
- Word Wise: Enabled
- Lending: Enabled
- Amazon Best Sellers Rank: #1,003,271 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
The Euro Crisis For Dummies Kindle Edition
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Some statements are imprecise and misleading.
For example, according to The Euro Crisis For Dummies, Germany is supposed to owe little and Spain a lot. Does this refer to central government's private debt, or what? Usually the use of a country's name would suggest the central government or all governments. The entire public debt of Spain was 63.4% of GDP in 2010. The estimated public debt for Germany in 2010 was 83.4% of GDP; 81.5% in 2011. The newspaper El País reported that "Spain's public debt surged to a historic record high during the last quarter of 2011" The figure? 68.5 percent of GDP.
Everybody makes mistakes and we cannot condemn any text because there is an error in it. However, this sort of error keeps us from understanding the nature of the Euro crisis. Unless I am making a mistake. :-)
On the positive side, the leaflet -too short to be a book- does provide a little background on what precisely is meant by "Europe". And it does cover most of the issues in a concise manner.
If you are like me and really like to understand how things work, take all it says with a grain of salt and use it as a starting point. DON'T consider it as a briefing on the Euro crisis.
If you simply want to be able to carry a conversation about this topic and don't mind repeating inaccuracies, this will do the job.