By Tyler Durden
"Greece is not
Japan" - at least that is the forecast reality when comparing official IMF
projections for the two depression-torn countries. Yet one needs to see the
projected GDP/debt chart side by side to truly appreciate the humor and lunacy
of Greek economic expectations. We give Greece 3-4 years before its ongoing
socio-economic collapse, and its relentless plunge in GDP, brings it on par
with Japan's basket case economy. End result: both countries will proudly sport
debt/GDP in the 250% ballpark by the middle of the decade. But for now, let's
pretend that Greece is not Japan.
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