Posts about Hungary the real problem is Slovakia, Malta. http://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=gov_dd_edpt1&lang=en I did the mean average and standard deviation of the figures. Greece is just the tip of the iceberg.
It is compounded. 2000 = 10 2001 = 11. The 11 is the inclusive of the previous 10. This means the countries with the long term negative figures are the worst. The UK is only negative in the final years the rest of the time it is not that bad. If I remember correctly. Ireland is the worst correct. However if you do the mean average the compounded debt is worse in the Eastern Block. The standard deviation show volatility this indicates the economy borrows more at certain times. Suggesting depends on government intervention in the downturn. This means the free market in the countries with high standard deviation is not capable of taking the economy out of recession. Have I explained that well? This is why the standard deviation is as useful as the average. A country with a high mean average and high standard deviation is in very poor condition. It is unlikely it will be able to recover from domestic intervention alone and as that is not available there will be long depression. I have a report that is nearly ready to be published. If you want to read my analysis on this pm with your email address and I will send it to you.