News for hackers. Stuff that matters.

A comment on Yanis Varoufakis resigns despite referendum no vote. Parent comment

Re:Yanis Varoufakis resigns despite referendum no vote by varjag on Monday July 06, 2015 @07:30AM (#9838294)
> Do you have examples of any that have done so without extensive debt relief? I'm can't think of any.

Ireland perhaps the most recent one.

[ Parent | on HN ]
Re:Yanis Varoufakis resigns despite referendum no vote by vidarh on Monday July 06, 2015 @08:03AM (#9838446)
Irelands debt situation was never anywhere remotely as bad as Greece's. Irelands debt to GDP peaked at 123% after the bailout. Greece's reached 177% in 2014, as is likely to go higher.

So it is in fact not an example of a country that has clawed itself out of a bigger hole than Greece.

[ Parent | on HN ]
Re:Yanis Varoufakis resigns despite referendum no vote by varjag on Thursday July 09, 2015 @10:36AM (#9858048)
Ireland's debt to GDP peaked 4x fold from it's longtime "norm" of 30%, while Greek was long at over 100% to begin with.
[ Parent | on HN ]