Wednesday, July 22, 2015

22/7/15: Paging from the Planet Debt...


Ah, good old Europe... Austerity, Reforms, Structural Changes, Improved Competitiveness, Return to Growth... and rising, rising, rising debt.

Per latest Eurostat release (see here), euro area Government debt/GDP levels have hit 92.9% of GDP in 1Q 2015, up on 92.0% in 4Q 2014 and up on 91.9% of GDP in 1Q 2014. Year on year, Government debt rose from EUR9.179 trillion to EUR9.433 trillion.


Of the five most indebted (fiscally_ economies (excluding Ireland, which did not report 1Q 2015 GDP figures):

  • Debt fell in the case of Greece by 8.3 percentage points between 4Q 2014 and 1Q 2015 to 168.8% of GDP; 
  • Debt rose in the case of Italy by 3 percentage points to 135.1% of GDP;
  • Debt fell 0.6 percentage points in Portugal to 129.6% of GDP;
  • Debt rose 4.5 percentage points in Belgium to 111.0% of GDP;
  • Debt fell 0.7 percentage points in Cyprus to 106.8% of GDP.

Italian debt is now at the highest level since the peak of Inter-war period in the 1920s:


Source: @Schuldensuehner 

Congratulations to the inhabitants of the Planet Debt...



No comments:

Post a Comment