Econchart Eurodebt 06022010

EU Debt Spiraling out of Control ?  At their weekend meeting in Iqaluit – Canada - G7 finance ministers vowed to keep stimulus, even as a full- blown budget crisis is pushing Europe to the brink of disaster  This reveals a growing dilemma: while they seek to stabilize their economies from a deep recession, governments find that investors are loosing trust and rising debt threatens to hobble future growth  This means that the ongoing crisis is far from over: A financial and economic crisis is now followed by a fiscal crisis and later on – by massive social tensions within European societies Government Debt % of GDP Annual tightening of primary deficit 150 needed from 2011 to 2015 .... +40% 120 Greece Greece +71% +28% Ireland 90 Portugal Portugal +38% .... to reach 60 Spain Spain 60% debt-to- France 30 GDP ratio by Italy Ireland 2020 Germany 0 2007 2008 2009 2010 2011 Source: Danske Research 1% 2% 3% 4% You can buy me for reprint at www.markusgaertner.com Feb. 7, 2010 RSS FEED for all CHARTS at www.slideshare.net/markusgaertner GAPA NEWS

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Econchart Eurodebt 06022010

by Gapa News on Feb 07, 2010

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Econchart Eurodebt 06022010 — Presentation Transcript