The Euro is in a bad shape, but you're not quite right about the Japanese debt: http://www.bloomberg.com/markets/rates-bonds/government-bonds/japan/ http://www

The Euro is in a bad shape, but you're not quite right about the Japanese debt: http://www.bloomberg.com/markets/rates-bonds/government-bonds/japan/ http://www.bloomberg.com/markets/rates-bonds/government-bond... Yes, that is a negative yield on the 2 year bond [as of today], hence Japan's 200% government debt isn't actually such a pressing issue. And the reason for that is that the Japanese have never stopped saving; the large demand for savings is one of the things driving interest rates down.