... but dem behind....the Debt/GDP ratio now is about 135%... and rising
The 15 Countries That Are Buried Under The Most Debt
1/16
#15 Portugal
Debt as percent of GDP: 83.2
5-Year CDS spread: 565.04
Debt outlook: Former PM Jose Socrates said Portugal's debt burden fits the EU norm. The country's public debt is expected to rise to 86.6% in 2011 and will only begin to decline in 2013, according to Bloomberg. In a bid to reduce its debt burden the country has put in place austerity measures and is raising its taxes, but it may still need an EU-IMF bailout.
Debt ratio provided by CIA. CDS pricing provided by CMA Datavision via Bloomberg.
Read more: http://www.businessinsider.com/debt-...#ixzz1mHZBtd2W
The 15 Countries That Are Buried Under The Most Debt
1/16
#15 Portugal
Debt as percent of GDP: 83.2
5-Year CDS spread: 565.04
Debt outlook: Former PM Jose Socrates said Portugal's debt burden fits the EU norm. The country's public debt is expected to rise to 86.6% in 2011 and will only begin to decline in 2013, according to Bloomberg. In a bid to reduce its debt burden the country has put in place austerity measures and is raising its taxes, but it may still need an EU-IMF bailout.
Debt ratio provided by CIA. CDS pricing provided by CMA Datavision via Bloomberg.
Read more: http://www.businessinsider.com/debt-...#ixzz1mHZBtd2W
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