European Government Debt [Charts]

Updated on

European Government Debt by Jennifer Thomson, Gavekal Capital

Data released yesterday showed a further increase in debt levels in the Eurozone in Q1, albeit at a slowing rate of change:

It will come as no surprise that the country with the highest debt to GDP ratio is Greece, followed by Italy and then Portugal:

EU Government Debt

1Q2015 marked the first quarter since 2012 in which debt as a percent of GDP actually contracted in Greece. Ireland and, to a somewhat lesser extent, Germany have been the most successful in lowering their debt ratios:

EU Government Debt

(Note that 1Q data for Ireland has not been reported yet.)

 

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