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