European Fiscal Debt

The graph below (source:  International Monetary Fund) shows estimated European fiscal debt positions in 2015.  Establishing public debt sustainability is a top priority for many European economies.  The vulnerable euro area includes:  Greece, Ireland, Italy, Portugal, and Spain.  Table shows countries (as of year end 2009) with government debt ratios higher than 60% of GDP.

CountryDebt (% of GDP)
Italy115.8
Greece115.1
Belgium96.7
Hungary78.3
France77.6
Portugal76.8
Germany73.2
Malta69.1
UK68.1
Austria66.5
Ireland64.0
Netherlands60.9

Risk Tolerance