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It's Not Just Greece: Total European Debt Hits New All Time High
Tyler Durden
July 22, 2015
With all the talk of Greek debt unsustainability (and now, thanks to Jack Lew and the IMF, forgiveness), one would think that Greece - whose debt/GDP is set to rise to 238% according to Citi - is the only country in Europe which has debt problems. It's not, and as the latest data from Eurostat confirms, as of Q1 2015, European debt rose to €9.4 trillion from €9.3 trillion, which is a new record high debt/GDP of 92.9%, up from 92.0% the previous quarter.
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