Europe Even though some European nations have supposedly implemented “austerity measures” in recent years, debt levels continue to rise rapidly. The following are some numbers that were recently released which show that government debt to GDP ratios for some of the most financially troubled nations in Europe are absolutely soaring… Euroarea: 92.2%, up from 88.2% a year ago Greece: 160.5%, up from 136.5% a year ago Italy: 130.3%; up from 123.8% a year ago Portugal: 127.2%, up from 112.3% a year ago Ireland: 125.1%, up from 106.8% a year ago Spain: 88.2%, up from 73.0% a year ago Netherlands: 72.0%, up from 66.7% a year ago Anyone that tells you that the crisis in Europe is “over” is lying to you. The debt crisis is getting worse, not better.
Posted on: Wed, 18 Sep 2013 23:52:39 +0000
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