Budget Deficit and Greece Problem...issue 1

Though the world economy is coming on to tracks there is a possibility that it might get derailed because of budget deficit of many countries is increasing including india and if this continues until they make some measures to decrease the gap by increasing taxes , reducing public expenditure (it would be great if they reduce government running expenditure rather than on money they spend on people..but i guess they(politicians ) do the later..will see that in coming days) and making public sector companies more accountable to owners(public) ..Though i believe Govt should spend more in times of depression kind of times we are see now a days is once a life time chance..only history books will tell this in coming days..but Govt at some point of time should reduce this expenditure on public other wise there budgets will become deeper..so after reducing this they should be in quick position to collect the funds from market or else if another slump happens then they will be in very bad shape i guess...atleast they should have enough funds by another slump so thay they resume pumping liquidity back into system...

Now guess why am talking all these things now is coz of late am hearig news in western media about Greece having budget deficit of over 13% and more...and also they fudged statistics to enter in Euro Zone..and there is also talking going about Euro going down...that inturn will make Dollar also low at some point...this is indeed is sensed by Chineese i guess and they quietly did a a monetary tightening today ..which inturn is warning to normal investors to not to go for risky assests like equities..And this effect is seen in Dow going down by 1%..will see what our nifty will do on monday...