Sovereign Debt Update

Many Countries are reporting plan to reduce their debt to GDP by 2020, but not the US or Japan, but most of Europe including Greece according to a report from the IMF.  That would be good news if, in fact, they do it.  Last year, the big news was about zombie governments and continued global economic decline.  

This year we are seeing massive deflation of commodities being blamed on China’s spending binge bubble. The Muslim invasion of Europe will further deteriorate these countries unless they wise up and deport these Muslims back to Muslim countries.

It will be interesting to see if government spending cuts will come from reducing unnecessary spending or reducing welfare. See the list by country.

https://en.wikipedia.org/wiki/List_of_countries_by_future_gross_government_debt

Norb Leahy, Dunwoody GA Tea Party Leader