FRED - Federal Debt Held by the Public as Percent of Gross Domestic Product - . General government gross debt for Greece 160 140 120 Percent of GD 100 BO 2014 fredislouisfed.ong myt.red/a/zy Figure 6: The size of the public debt, in the USA (solid) and Greece(dashed), as a percent of GDP FRED - Federal Debt Held by the Public as Percent of Gross Domestic Product*10-Year Treasury Constant Maturity Rate/100 - . General government gross debt for GreeceS*Long-Term Government Bond Yields: 10-year. Main (Induding Benchmark) for Greece =/100 15 30 25 20 15 10 20104 20: 2010 2012 fred sicuisfed.ong myf.red/q/czhi Figure 7: The amount of interest paid each year on the public debt, in the USA (solid) and Greece(dashed), as a percent of GDP In the above graphs, we see the size of the debt in the United States and Greece, and how much they pay each year in interest on their public debt. 10. Explain why, despite the fact that the the amount of debt relative to GDP increased in both countries by similar amounts after the 2008-2009 recession, Greece was in danger of default, while the United States was not. 5 points