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European budget cuts and debt burdens, at a glance

European countries' budget cuts and debt burdens, at a glance

By The Associated Press | Associated Press – Wed, Feb 22, 2012 6:19 AM EST

Painful budget cuts and tax increases haven't eased government debt burdens in Greece, Portugal, Ireland and some other European countries. Still, the interest rates on some long-term European government bonds have fallen. That's lowered borrowing costs for those nations. GROSS GOVERNMENT DEBT AS % OF GDP LONG-TERM BOND YIELD Ranking 2011 Q3 Chg in % from Year Earlier Ranking Jan '12 Chg in % from Year Earlier 1 Greece 159.1 Greece 20.3 1 Greece 25.9 Greece 14.2 2 Italy 119.6 Portugal 19.0 2 Portugal 13.9 Portugal 6.4 3 Portugal 110.1 Ireland 16.5 3 Ireland 7.7 Italy 0.9 4 Ireland 104.9 Spain 7.3 4 Italy 6.5 Spain -0.5 5 Belgium 98.5 Germany 6.1 5 Poland 5.7 France -0.6 6 U.S. 97.5 U.K. 6.0 6 Spain 5.4 Austria -0.6 7 France 85.2 Denmark 4.8 7 Belgium 4.1 Belgium -0.8 8 Germany 81.8 U.S. 4.6 8 Austria 3.3 Poland -0.8 9 U.K. 80.0 France 3.2 9 France 3.2 Ireland -1.0 10 Austria 71.6 Netherlands 1.4 10 Finland 2.3 Finland -1.0 11 Spain 66.0 Poland 0.9 11 Netherlands 2.2 Netherlands -1.1 12 Netherlands 64.5 Italy 0.5 12 Norway 2.0 Germany -1.2 13 Poland 56.3 Finland 0.2 13 U.S. 1.9 Denmark -1.3 14 Denmark 49.3 Austria -0.3 14 Germany 1.8 U.S. -1.4 15 Finland 47.2 Belgium -0.3 15 Denmark 1.7 U.K. -1.5 16 Norway 39.0 Sweden -1.6 16 Sweden 1.7 Sweden -1.5 17 Sweden 37.0 Norway -4.5 17 U.K. 1.5 Norway -1.5

 

8 comments

  • Asian Dragon
    Asian Dragon  •  3 months ago
    THE YEAR 2012 is a new chapter for Greece and Europe. Accordingly, Greece will setback for another 100 years of “backwardness”, given its arrogance in conjunction with its ignorance. Consequently, Europe will crawl like a snail for some 30 years due to its failed policies. Never before has EU managed itself prudently in dealing with Greece (unable to control, govern and discipline Greece by a common sense if not a “decisive” action – to kick Greece out Day-One).

    It is unfortunate that the Greek’s Unpaid Bill of 600+ Billion Euros (a tiny nation with mountain of debt) has severe consequences on every corner of the world. Unquestionably, it already created huge negative effect on the “Sovereign Bond Market” across Europe.

    Indeed, the Greeks have been relentlessly cheating the world for century. Sadly, Greek governments had been found to have consistently and deliberately misreported the country's official economic statistics to keep within the monetary union guidelines. Equally ridiculous is that Europe today is still opting cowardly to dance with Greece.

    Why do the Greeks continuously strike and what are they upset about? Where do the Greeks think the money (Free Lunch) to pay them monthly (Enlightenment Programs) come from? Bailout Funds are from members of EU, IMF + CHINA.

    Both recognizing and admitting that their government has no money, what are the options for the Greeks? Throw stones on the street and destroy buildings?

    ==================================================================
    • ؟
      ؟ 3 months ago
      What's a Greek to do? sell your women on the street or ,,, immigrate.
    • matchpoint
      matchpoint 3 months ago
      Let's be fair. Even German tourists agree that Greece is too hot to work from April til September. That time of the year is best used to sip ouzo in the shadow of a tree, while watching the olives and tomatoes grow. In night dance sirtaki. It was written in EU agreements to respect every culture. So?
  • Wolfgang
    Wolfgang  •  Mt Laurel, New Jersey  •  3 months ago
    Can someone put that list in a readable format? What kind of a reporting is that....
  • Cursecheck Glitch BITCH!
    Cursecheck Glitch BITCH!  •  3 months ago
    whaat is this garbge? this writer couldnt even give us a table? i cant read this crappp!!!
  • The Gipper
    The Gipper  •  Fredonia, New York  •  3 months ago
    Dear Greece,
    I'll glady pay you Tuesday for a hamburger today...
  • matchpoint
    matchpoint  •  3 months ago
    This article couldn't reflect the situation in euroland any better.
    A mess no matter how you try to look at it.
    Can anybody tell Yahoo how to properly present a table?
  • DanielK
    DanielK  •  Wallingford, Connecticut  •  3 months ago
    It is unfortunate that the AP could not arrange these numbers in a mor orderly manner. But
    why would they when their goal is to confuse the issue instead of expose the glaring facts.
    The fact that Socialism leads to bankruptcy and misery when you run out of other peoples money.
  • Johnny Randal
    Johnny Randal  •  Hounslow, United Kingdom  •  3 months ago
    The Deal is a deal of Greece Pig and piglets made in Brussel........Ek..ek..ek..ek..ek..ek..ek...Okay Pig Head....
  • ؟
    ؟  •  3 months ago
    Given time, chickens will always return home to roost ...
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