Realistbear Posted February 9, 2011 Share Posted February 9, 2011 (edited) http://uk.finance.yahoo.com/news/IMF-Japan-debt-deficit-tele-3511752187.html;_ylt=AgRuioBhjGcOJ0D59GgC.a3Sr7FG;_ylu=X3oDMTE4MzZnZGdwBHBvcwM3BHNlYwN5ZmlUb3BTdG9yaWVzBHNsawNpbWZqYXBhbnNkZWI-?x=0 IMF: Japan's debt and deficit 'are not sustainable' AFP, 8:25, Wednesday 9 February 2011 Japan (NYSE: MCO - news) 's outstanding debt and fiscal deficit "are not sustainable", the IMF (Berlin: MXG1.BE - news) warned on Wednesday, adding that Tokyo must tackle the issues if it wants to avoid future trouble. The comments by IMF deputy managing director Naoyuki Shinohara come weeks after Standard & Poor's lowered the country's credit rating and accused the government of not having a clear plan to ease the debt mountain. http://www.guardian.co.uk/news/datablog/2010/may/27/debt-deficit-oecd-countries-data FIRST COLUMN: 2010 deficit, % of GDP SECOND COLUMN: 2010 public debt, % of GDP United States -10.7 65.2 Japan -8.2 104.6 Germany -5.3 54.7 France -8.6 60.7 Italy -5.4 100.8 United Kingdom -13.3 59 Canada -5.2 32.6 Australia -3.5 -1.3 Austria -5.5 42.9 Belguim -5.6 85.4 Czech Republic -5.6 5.3 Denmark -5.4 1.6 Finland -4.8 -46.4 Greece -9.8 94.6 Hungary -4.1 62.1 Iceland -10.1 43.9 Ireland -12.2 38 We appear to be in the top tier for debt and deficit and in much worse shape than Japan if you are looking at 2010 deficit as a % of GDP. As the economy continues to contract this can only get worse. Quite a shock to see how it is already worse than the US whom we are not far behind on public debt. So far, the IMF have heaped praises on the Koalishon because they have a plan. How much longer before the elephant comes back into their view depends, I suppose, on how politics go in the next few months. Edited February 9, 2011 by Realistbear Quote Link to comment Share on other sites More sharing options...
Snafu Posted February 9, 2011 Share Posted February 9, 2011 Even funnier when you know that our figures are fudged massively. Maybe Japan fudges theirs more then or something? Quote Link to comment Share on other sites More sharing options...
Nationalist Posted February 9, 2011 Share Posted February 9, 2011 Your numbers are dated RB, since the ONS added in the bank bailout money to our official national debt our debt is now about 170% of GDP (ie, GDP £1.3tr, debt £2.3tr!) So we're the biggest losers in the world! (I knew we were good at something!) Quote Link to comment Share on other sites More sharing options...
Willy Wonka Posted February 9, 2011 Share Posted February 9, 2011 Mastriccht accounting rules.gave us a debt of 1000 billion at 73% gdp as at 31 march 2010! Am sure the Europeans account under Mastriccht so like for.like we move up thetsble handsomely... Government stats web site.... Quote Link to comment Share on other sites More sharing options...
Realistbear Posted February 9, 2011 Author Share Posted February 9, 2011 Your numbers are dated RB, since the ONS added in the bank bailout money to our official national debt our debt is now about 170% of GDP (ie, GDP £1.3tr, debt £2.3tr!) So we're the biggest losers in the world! (I knew we were good at something!) Shhhhhhhhhhhhhhhhhhh! The IMF don't know this. When the spotlight turns to us and they realise we are not growing our problems away the bill for Brown's miracle lunch will be presented. Best to stay clear of houses for a while yet. Look--but don't buy. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted February 9, 2011 Share Posted February 9, 2011 Your numbers are dated RB, since the ONS added in the bank bailout money to our official national debt our debt is now about 170% of GDP (ie, GDP £1.3tr, debt £2.3tr!) So we're the biggest losers in the world! (I knew we were good at something!) P'raps we should take out a MASSIVE LIAR LOAN? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 9, 2011 Share Posted February 9, 2011 So the IMF finally wants Japan to stop playing around and get rid of the zombie banks? How are they going to help Japan save face? This is the reason the bad debts where never admitted to, which then resulted in the perpetual govt stimulus to get the economy moving again. Quote Link to comment Share on other sites More sharing options...
council dweller Posted February 9, 2011 Share Posted February 9, 2011 Your numbers are dated RB, since the ONS added in the bank bailout money to our official national debt our debt is now about 170% of GDP (ie, GDP £1.3tr, debt £2.3tr!) Yes indeed, 2.3 trillion it is, I've just checked the UK debt clock. Eat your hearts out Greece. Bump. Quote Link to comment Share on other sites More sharing options...
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