Debt to GDP ratios now climbing in Europe – SNL Financial report
After tumbling for more than a decade, aggregate debt-to-GDP levels in the EU are increasing, rising by 23.5 percentage points to 82.5% in 2011 since 2007, according to research from SNL Financial.
The report uses data from Eurostat. It finds that by the end of the third quarter of 2012, the debt levels of 14 EU countries were more than the cap 60% of GDP that EU rules allow.
Greece had the highest ratio at 153%, followed by Italy, Portugal and Ireland at 127%, 120% and 117%, respectively. The overall EU aggregate debt-to-GDP ratio stood at 85.1%.
Read the full report: http://www.snl.com/InteractiveX/Article.aspx?cdid=A-17019462-12082