Ex-IMF economist warns about UK

The BBC is reporting that an Ex-IMF economist, Simon Johnson, believes the UK should be added to the list of European countries that are at risk of insolvency.

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Portugal votes against austerity

The government of Portugal has voted against an austerity bill, according to an article titled “Portugal debt vote likely to rattle markets” by The Globe & Mail.
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Greece vows to reduce deficit

According to the BBC, Greece has unveiled major spending cuts. In my commentary below, I hypothesize a way to calculate a “future going burden” for countries based on data in the BBC article (i.e. based on debt as a percentage of GDP and deficit as a percentage of GDP).
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