Public debt: France among the worst performers in Europe – Paris

Public debt: France among the worst performers in Europe – Paris

<- Hard dé e: 0.023771047592163 sec -> France just entered the exclusive club, but few envied European countries groaning under a debt of more than € 2 trillion. With a slate of € 2.0237 trillion in the second quarter of 2014, the country joined Germany and Italy, the other two states to have already crossed the symbolic threshold.
                  <- hard dé e: 0.04531192779541 sec -> Our neighbors across the Rhine have exceeded four years ago, the Italians in 2013

By adding their debts, the three evil Students are responsible for 54% of the claims of the European Union (28 countries), 68% of the euro area (18 countries).

Except that they are not on the same trend. Germany certainly has the largest amount to be repaid (2.139 trillion in the first quarter 2014). But it is the only one able to stabilize its debt for two years. The peak was reached in the second quarter of 2012 (€ 2.164 trillion).

That of France, on the contrary rose 15% in three years, according to data released by Eurostat. Italy has seen his rise by 11%.

When the debt is reported to GDP each, the situation is quite different. In this game, Germany, Europe’s economic powerhouse, is average (77.3%) of 28 Better: its ratio improved from quarter to quarter, a sign that the country is recovering. Unlike Italy, which has a very bad report at 135.5% of GDP. In other words, the amount of its debt is much higher than the wealth produced annually by its economy. One country is worse: Greece. Its debt is equivalent to 174.1% of GDP.

And France? It has not crossed that other symbolic 100% of GDP, but it is similar dangerously. The curve continues to rise from 87.1% in early 2011 to 95.1% in the second quarter of this year. In its latest forecast, the government expected a decline from 2016, but these forecasts have not been updated after lowering growth estimates and raising those on the deficit, on September 10.

Across Europe, the debt / GDP ratio has exploded with the crisis. On average, public debt in the EU increased from 82.5% to 88% in three years. Now, six countries are over 100%. If proof were needed that the situation continues to deteriorate. Only five countries in the euro area meet the criteria of the Stability Pact which imposes a debt below 60% of GDP