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Europe has massive debts, too, and growing. But this is a downward spiral. Edit: Average government debt-to-GDP ratio in the EU was around 60% from 2000 to 20
by mytailorisrich 2y ago
Europe has massive debts, too, and growing. But this is a downward spiral.
Edit:
Average government debt-to-GDP ratio in the EU was around 60% from 2000 to 2008. It is 88% now and worse in many major countries. No lie here...
- Jensson 2y ago> Europe has massive debts, too, and growing This is a lie, take Sweden's debt for example it has been going down the past 20 years. Most of Europe doesn't see increasing debt, USA is an outlier. https://tradingeconomics.com/sweden/government-debt-to-gdp#:~:text=Government%20Debt%20to%20GDP%20in,source%3A%20EUROSTAT https://tradingeconomics.com/sweden/government-debt-to-gdp#:...
- 0xBDB 2y agoSweden is an outlier. US debt to GDP is 110%. France and the UK 99%. Italy 138%. Greece 203%. Japan 263%. China depends on who you believe, but probably somewhere around 100%.