General government debt – as percentage of GDP:
Greece: 96.6 %
Source: Statistics Estonia
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The News Portal, Delfi, writes (November 30):
“Every day we read on the front pages how badly off Italy and Greece are. It’s become all the rage, with the unfortunate result that Estonia’s current problems, such as the high level of poverty and the demographic transformation, are swept under the rug.
“The fact is that the average Southern European is still better off than the average Estonian. The success of a state is measured by how well off its inhabitants are, and not by the level of debt. But now people are left with the impression that the situation is far worse elsewhere than in Estonia, and at every opportunity there’s someone saying that Estonia is not to blame for the irresponsibility of other countries. But that just gives a false impression.”