It is going to blow soon! Government debt in the euro zone - TopicsExpress

It is going to blow soon! Government debt in the euro zone reached an all-time high of 92.2 percent of GDP in the first financial quarter, despite large-scale efforts by leaders to dig their countries out of recession through austerity measures. Eurozone debt, in total, has swelled to $11.4 trillion (8.75 trillion euro), jumping from 8.6 trillion euro from the previous quarter and 8.34 trillion euro in 2012. rt/business/eu-debt-high-q1-459/

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