Look. We’ve beaten the Dutch.
Top Six Most Indebted Nations In The World
1. Ireland – Debt/GDP: 997% the economy reversed course in 2009 and contracted 7%. This eroded tax revenues and sent the annual deficit to a record 14.3% of GDP. The European Union set a target for Ireland to reduce that figure to 3% by 2014, but the International Monetary Fund has indicated that the deadline will be missed. Moody’s has subsequently lowered its bond rating.
2. Netherlands – Debt/GDP: 467%
3. United Kingdom – Debt/GDP: 409%
4. Switzerland – Debt/GDP: 273%
5. Portugal – Debt/GDP: 228%
6. Austria – Debt/GDP: 214
Most Indebted Countries (And Why) (San Francisco Chronicle)
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