back to whatto go you said about debt restructuring. there was a note talking about the actual interest payments -- it might look bad if you are looking at the ratio of debt to gdp, but it is much more manageable. prof. krugman: but it is always hanging over them. the burden of debt service is not very large. burden is not large and they have only just begun to run a primary surplus. but the demand are always there. the debt has not been written down in some way that takes it off the table. any progress they make is just a reason to tighten the screws further. they need to see some kind of ast number that goes down the economy makes headway and that's not going to happen because they are just too deep in the hole. huge critice been a of austerity pretty much anywhere, obviously greece. and the rest of europe, countries are growing again. even by the end of next year before they called the new elections, greece was starting to grow. they elected to government and they get into a fight with the rest of the europe and the economy collapses

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