germany, not greece, out of step with eurozone, page-11

Here's more if like:
The global financial debt clocks:
a) http://www.usdebtclock.org/world-debt-clock.html
b) http://www.economist.com/content/global_debt_clock
c) http://www.youtube.com/watch?v=ekd7Im9GzDE -

1) US-though government says US has got only US$14.4 trillion debts (under http://www.usdebtclock.org/), the actual amount by various economists and analysts is about US$75 trillion debts (under http://www.truthin2010.org/) ranging from about 50 to 200 trillion dollars (also there under http://www.nypost.com/p/news/business/trillion_in_debt_ZIrWsnLp5l9MAQGe8YTG8J, http://www.news.com.au/business/breaking-news/us-government-hiding-true-amount-of-debt/story-e6frfkur-1225926567256, http://www.bloomberg.com/news/2010-08-11/u-s-is-bankrupt-and-we-don-t-even-know-commentary-by-laurence-kotlikoff.html ).....can US be written off? Nope due to their firms being amongst the world's top innovators.....some of their firms may have gone out of the rankings for global market capitalisation though some still there under http://www.corporateinformation.com/Top-100.aspx?topcase=b n more under http://www.salon.com/news/feature/2010/12/06/america_collapse_2025 ..... also look under larger site http://www.corporateinformation.com/under Tools-Top 100 Lists as this is used within Reuters
2) Australia-doing well amongst developed countries but is it really rosy? Nope though it's short term is ok-economy is doing well mostly in the mining sector and that's due to China. Australia didn't go into recession due to China but it's playing right into the hands of China especially with its resources, land, economy due to not only Chinese demands but also due to Chinese firms investing and taking over companies here - 1 awesome n recent article - http://www.time.com/time/magazine/article/0,9171,2075236-1,00.html (other artcles also there on net including under news, time magazines etc). China on other hand has political clout and its politics way different from Australia's. Also, how long will resources last? Not so much for some resources though issues arise when each country taken (sources-http://www.ritholtz.com/blog/2009/04/natural-resources/, http://en.wikipedia.org/wiki/World_energy_consumption, http://www.mint.com/blog/trends/mint-map-the-worlds-resources-by-country/and http://www.wri.org/publication/content/7789). Additionally, as mentioned before under 'Australian Economy Reality' sort of blog, Australian national debts is about A$4 trillion - can be seen under http://www.australiandebtclock.com/. When a subset of that is taken which is under another source, http://www.debtclock.com.au/, each person has around A$17000 to $18000 debts + The GDP of Australia was around A$1.4 trillion.
3)Europe-mess which is seen daily in the news starting with Greece,Spain,etc-high level of debts and high level of unemployment.....US debts high but due to innovation and large population surviving when compared to Europe.....Europe-few countries innovative like Germany,UK,France,etc.
4) China has couple of issues - like's to dominate, image issues especially due to its government and maybe products as well which can be seen under http://www.time.com/time/magazine/article/0,9171,2075236-1,00.html
5) India - debts mostly and then problem of uniting
World debt clock under - http://www.economist.com/content/global_debt_clock and statistics table under http://data.worldbank.org/
Other issues like inflation,etc also there for most.

So, basically most are in a mess though few countries like China have other issues (each country has internal issues). All of them have innovation including low-cost innovation or blue ocean strategy.tata motors, good baby, bharti airtel, embraer, aravind eye hospitals, jaipur foot are few of the innovators from emerging countries challenging developed economies (embraer like singapore airlines are just amongst the few firms doing well including making profits in a loss-making industry ever since deregulation occurred-embraer is the only firm and Brazil the only country to make a successful entry into commercial jet market since 1969). Apple, Google, Samsung, Facebook are few of the innovators from developed world though Samsung is from an emerging country (emerging yet developed country-South Korea....another emerging 1 is Mexico....there are couple more though fastest emerging 1s are from Brazil, China, India and Russia-the former 3 with loads of low-cost innovation).
AUSTRALIA'S LOSS BASICALLY INNOVATION - MOST FIRMS AREN'T INNOVATIVE as was seen under point 1 of 'AUSTRALIAN ECONOMY REALITY' SORT OF BLOG PUT UP BEFORE. other points are related to it