tag:blogger.com,1999:blog-5882645467378797266.post682628869746121035..comments2023-07-17T11:55:51.363+02:00Comments on ObservingGreece: Tsipras 1 - Troika 0kleinguthttp://www.blogger.com/profile/12491174042954678023noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5882645467378797266.post-13682134011787448992013-09-24T10:40:27.635+02:002013-09-24T10:40:27.635+02:00Again, I know nothing about Ireland. Your first li...Again, I know nothing about Ireland. Your first link was too long for me to read and the second one a bit confusing. <br /><br />It seems that the budget deficit for Jan-Mar 2013 was 5,4 BEUR (which, at 14% of GDP, strikes me as extremely high; one would have to understand what goes into this figure). <br /><br />It seems that GGDebt increased by 11,6 BEUR during this period, more than twice as much as the budget deficit. So, Ireland borrowed much more money than it needed to cover the budget deficit and one would have to look into that and explain why.<br /><br />They do report the Net GDebt at Q1/2013 but they don't show how much it increased during the quarter, so that's no big help either.<br /><br />That's all I can tell you offhand.kleinguthttps://www.blogger.com/profile/12491174042954678023noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-16446644807509408222013-09-24T06:30:43.132+02:002013-09-24T06:30:43.132+02:00http://budget.gov.ie/Budgets/2013/Documents/Budget...http://budget.gov.ie/Budgets/2013/Documents/Budget%202013%20-%20Economic%20and%20Fiscal%20Outlook.pdf<br /><br />They have budget deficits, you 're right.<br /><br />But why their GGDebt increased so much to 125.1%?<br /><br />http://www.breakingnews.ie/business/government-deficit-grows-despite-increase-in-revenue-600926.html<br /><br />MS<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-13321430627275118232013-09-23T22:57:47.852+02:002013-09-23T22:57:47.852+02:00"German blog NachDenkSeiten is a very progres..."German blog NachDenkSeiten is a very progressive blog"<br /><br />hahahaha selten so gelacht. Die Betreiber sind SPDler. Wüßte nicht, was an deren Positionen "progressiv" sein soll.<br /><br />Greetings<br />Bakwahn<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-32013671141806370762013-09-22T19:47:53.717+02:002013-09-22T19:47:53.717+02:00I was talking about 'sovereign debt', i. e...I was talking about 'sovereign debt', i. e. debt of the state. With Ireland I am not familiar but if their sovereign debt increased nominally by 18% over the last 2 years, they must have had budget deficits (i. e. a negative cash flow). Unless the debt increase is due to the fact that the state assumed someone else debt such as privat sector debt.<br /><br />A trade surplus or current account surplus is not directly related to sovereign debt. kleinguthttps://www.blogger.com/profile/12491174042954678023noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-61852404534459554622013-09-22T14:12:22.821+02:002013-09-22T14:12:22.821+02:00About "debt always rises in nominal terms whe...About "debt always rises in nominal terms when the borrower has a negative cash flow" in case of Ireland their "cash flow" is negative? <br />They have the best trade surplus in eu, however their debt increased around 18% last 2 years.<br />There is not a correlation?<br /><br />MSAnonymousnoreply@blogger.com