debt of Greece worried because it reaches 113% of GDP ( debt of Greece agencies in the sights ). Yet it is far from being the only country whose public debt is exploding, especially after multiple plans to support banks and reviving the economy. Thus, public debt of France was assessed by the end of the third quarter of 2009 to 1 457 billion euros, or about 75.8% of GDP. And it's even worse for Japan, whose debt is expected to exceed this year's 200% of GDP (source: debt worries Japan). The United States is not in a situation much better with their few dollars to 12 trillion national debt (source U.S. Economy - Debt ). The
Summary of State Loan dates from 2005 but gives an interesting glimpse of the debt situation of different countries, keeping in mind that the situation has deteriorated and the crisis. Note also that the public debt can be measured in different ways, which leads to different debt levels.
Anyway, Greece is not alone in worrying now, she is joined by Ireland, Spain and even Great Britain (cf. Deficit, Debt , Growth: Who comes out best in Europe? ). The measures taken by the Greek government to reduce its deficit has already led to two general strikes (see New general strike in Greece , General strike in Greece on Wednesday , Greece back down the street on Thursday ).
One wonders if Greece, Ireland and the various states that are still having to take austerity measures do not serve as a laboratory for other countries whose debt levels should not delay call also similar measures.
(source: Greece's Third Try: will it be enough? )
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