Estonia’s debt is so low it probably gets invited to other countries budget meetings as moral support.
Ok_Transition6958 on
Im not sure this is true. Maybe it has jumped up massively recently for the UK, but I definitely thought it was about 96%?
Adventurous_Bus_437 on
i feel like ireland needs some more debt considering how much the irish complain about things going to shit
printzonic on
Denmark is at 20 something not 82.
Comprehensive-Gear95 on
Does it even make sense to compare debt of countries with their own currency to those without?
DAS_k1ishEe on
But ze Trump said zet we are ze broke ones D:
No_Firefighter5926 on
Greece used to be 209% just 4 years ago. Next year possibly will have less debt to GDP ratio than Italy and in a few years less than France too.
All Med countries still have a too high debt but at least the percentages shrinking and shrinking every year (except France)
Edit: also despite being debt-high literally all Eurozone members can borrow way cheaper than non Eurozone members. The reason is being part of Eurozone directly make you unable to bankrupt as the latest euro-crisis shows, so the investors have trust in € adopted countries.
Stabile_Feldmaus on
If German debt levels reach > 90% as a result of several years of catching up with infrastructure and military spending, and the south lowers their ratio a bit more as they have already done (except France maybe), it would be a perfect opportunity to start issuing common debt.
Patient-Economics925 on
Serbia 44.4%? What’s the source?
I thought it was 80-something
Source: I live here
Inerthal on
Ukraine isn’t looking too bad for a country that has been at war for 3 years now.
Aakkii_ on
This map looks wrong
kom_susser_tod on
Damn France is really speedrunning the Greek debt crisis.
Zalapadopa on
Finland, wtf happened!?
No_Style7841 on
This map tell very little, a country with 1% debt but can burrow money at 100% interest rate is worse than the other way around.
OtherwiseFrambuaz on
Weird coloring. It doesn’t look reliable.
WhatAboutFC on
Yet again Romania has the highest deficit in the EU.
MaesterHannibal on
Denmark’s debt hit 7-8% recently. National debt anyway, public debt is higher
Dion33333 on
We (Slovakia) have 60% debt and our governemnts are consolidating like crazy. I understand, that it needed to be done, because debt will grow. But there are countries way worse. So how is it, they are fine? I think everything more than 80% is big, but there are countries which have the debt even higher.. How is that so?
pablohacker2 on
I mean by debit to income ratio is about 300% and no one worries about that.
MetalMonkey939 on
You’re missing Malta, its probably quite a dark shade of red too.
CarrotWaxer69 on
What’s going on in Russia? That can’t be right.
Pepphen77 on
I think that the debt is hidden for nordic countries.
You see the counties themselves within them also have huge debts.
pokpokza on
This surprise me. Especially Turkey and Russia.
XO1GrootMeester on
Dutch is closer to +60% instead of debt because pension funds
aardvark_in_a_bikini on
For comparison with the rest of Southern Europe, Malta is at 47.4%.
Aggressive_Sport_635 on
There is an error for denmark. Its 29%, not 82%. Also Denmark is green like it should be a low %.
Stunning_Spinach7323 on
French debt to GDP is explosing and could maybe surpass Italy and Greece in a few years unfortunately.
Bloomhunger on
Well, if debt is the worst, like northern countries have been lecturing everyone for how long now, Russia and Turkey must be the best economies in Europe… /s
Positive_Mushroom564 on
This map makes Moldova and Estonia seem like economic juggernauts lol..
Calibruh on
Wallonia moment
Historianof40k on
We were busy winning the world sorry
thejuva on
Love the pink color of Finland.
Matshelge on
Sweden has been working on getting their down in the last decade. Used to be in the 80% but now down to the one on the map.
Quality work by government. Setting a long term goal, working toward it without it being a major thing.
Far_Idea9616 on
Fun fact: US publishes only federal debt (ca. 125%), Eurostat methodology includes federal/state/local debt, so the whole public sector. If measured by Eurostat standards US public debt would be well above 140%
ethicacious on
Anyone know what Ukraine was before the invasion? I assumed he’s so red due to the invasion and the borrowing of money from the west.
ethicacious on
What’s the actual end-goal here? It’s funny that countries deepest in the red are often considered much wealthier and financially stable than those in the green. And yet they are up to their neck in debt that will likely never be paid off while the conditions that cause debt increases get worse. More inflation, more tax, more government spending, more government borrowing, everyone poorer, and government still in greater debt. They’re slowly becoming debt-slaves so to speak.
Does it all implode once we reach Weimar levels or what is the end-goal? Do they plan to move everyone over to a new currency (CBDC)?
Katumana on
Why are always the small countries left out?
SleepySera on
Squinting very doubtfully at the Russian numbers, considering they literally do not have an official number in the first place…
no1labubufan on
All loosers, slaves of the rich.
onechroma on
Japan at 237% left the chat
US at 125% left the chat
“But Europe has a debt problem! Look at the south!”
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Isn’t Denmark’s dept 32.3% not 82.3%?
Estonia’s debt is so low it probably gets invited to other countries budget meetings as moral support.
Im not sure this is true. Maybe it has jumped up massively recently for the UK, but I definitely thought it was about 96%?
i feel like ireland needs some more debt considering how much the irish complain about things going to shit
Denmark is at 20 something not 82.
Does it even make sense to compare debt of countries with their own currency to those without?
But ze Trump said zet we are ze broke ones D:
Greece used to be 209% just 4 years ago. Next year possibly will have less debt to GDP ratio than Italy and in a few years less than France too.
All Med countries still have a too high debt but at least the percentages shrinking and shrinking every year (except France)
Edit: also despite being debt-high literally all Eurozone members can borrow way cheaper than non Eurozone members. The reason is being part of Eurozone directly make you unable to bankrupt as the latest euro-crisis shows, so the investors have trust in € adopted countries.
If German debt levels reach > 90% as a result of several years of catching up with infrastructure and military spending, and the south lowers their ratio a bit more as they have already done (except France maybe), it would be a perfect opportunity to start issuing common debt.
Serbia 44.4%? What’s the source?
I thought it was 80-something
Source: I live here
Ukraine isn’t looking too bad for a country that has been at war for 3 years now.
This map looks wrong
Damn France is really speedrunning the Greek debt crisis.
Finland, wtf happened!?
This map tell very little, a country with 1% debt but can burrow money at 100% interest rate is worse than the other way around.
Weird coloring. It doesn’t look reliable.
Yet again Romania has the highest deficit in the EU.
Denmark’s debt hit 7-8% recently. National debt anyway, public debt is higher
We (Slovakia) have 60% debt and our governemnts are consolidating like crazy. I understand, that it needed to be done, because debt will grow. But there are countries way worse. So how is it, they are fine? I think everything more than 80% is big, but there are countries which have the debt even higher.. How is that so?
I mean by debit to income ratio is about 300% and no one worries about that.
You’re missing Malta, its probably quite a dark shade of red too.
What’s going on in Russia? That can’t be right.
I think that the debt is hidden for nordic countries.
You see the counties themselves within them also have huge debts.
This surprise me. Especially Turkey and Russia.
Dutch is closer to +60% instead of debt because pension funds
For comparison with the rest of Southern Europe, Malta is at 47.4%.
There is an error for denmark. Its 29%, not 82%. Also Denmark is green like it should be a low %.
French debt to GDP is explosing and could maybe surpass Italy and Greece in a few years unfortunately.
Well, if debt is the worst, like northern countries have been lecturing everyone for how long now, Russia and Turkey must be the best economies in Europe… /s
This map makes Moldova and Estonia seem like economic juggernauts lol..
Wallonia moment
We were busy winning the world sorry
Love the pink color of Finland.
Sweden has been working on getting their down in the last decade. Used to be in the 80% but now down to the one on the map.
Quality work by government. Setting a long term goal, working toward it without it being a major thing.
Fun fact: US publishes only federal debt (ca. 125%), Eurostat methodology includes federal/state/local debt, so the whole public sector. If measured by Eurostat standards US public debt would be well above 140%
Anyone know what Ukraine was before the invasion? I assumed he’s so red due to the invasion and the borrowing of money from the west.
What’s the actual end-goal here? It’s funny that countries deepest in the red are often considered much wealthier and financially stable than those in the green. And yet they are up to their neck in debt that will likely never be paid off while the conditions that cause debt increases get worse. More inflation, more tax, more government spending, more government borrowing, everyone poorer, and government still in greater debt. They’re slowly becoming debt-slaves so to speak.
Does it all implode once we reach Weimar levels or what is the end-goal? Do they plan to move everyone over to a new currency (CBDC)?
Why are always the small countries left out?
Squinting very doubtfully at the Russian numbers, considering they literally do not have an official number in the first place…
All loosers, slaves of the rich.
Japan at 237% left the chat
US at 125% left the chat
“But Europe has a debt problem! Look at the south!”