I don't understand this. Right now a lot of countries are worried because they owe debt to each other and the cost of borrowing is rising. Now, I don't understand this. These countries are bringing themselves down. Okay, let's say, umm... Country A borrows 100 euros from Country B. Country B borrows 120 euros from Country C. Country C borrows 150 euros from....... And so on... everyone is borrowing from everyone else. Why don't they all just write it off? Understand that everyone owing debt to each other is not sustainable. A noob analysis of the economy.