Allianz: Greece no danger to the EMU
In an international comparison, Allianz continued, the EMU as a whole fares relatively well with a debt ratio of 78.2 percent of gross domestic product. Japan's debt ratio of around 190 percent is substantially higher and the USA, with 83.1 percent of GDP, also fares worse than the euro area.
The difficult fiscal situation in Greece will not cause lasting damage to the European Monetary Union, according to a new report by Allianz.
"There is no danger that European Monetary Union will fall
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