Pyrpolizer wrote:erolz66 wrote:I really am trying my best to avoid unnecessary confrontation and personalisation here but at time Paphitis you really can be a dick head.
He does it all the time to me. Every time he's run out of arguments he starts bitter talk about Cyprus and it's weaknesses.
But he's generally a good puppie and I got used to it.
I'm not talking about Cyprus at all.
I just used Cyprus as an example to prove to you that a trade deficit does not translate into Government debt. I explained to you that the majority of trade occurs from business and individual consumers.
If it did translate into debt, Cyprus Government debt will increase by 5 to 6 billion Euros per year. That is not sustainable at all.
What translates into debt is when the Government spends more than it raises in tax and other income.
I am just trying to help you.