Official figures showed Wednesday that the total debt of the 17 countries that use the single currency at the end of the second quarter was worth 90 percent of the value of the group’s economy — the highest level since the euro was launched in 1999.
Here’s a glance at Europe’s debt levels as a proportion of gross domestic product.
|European Government Debt (percentage of GDP)|
|Q2 2011||Q1 2012||Q2 2012|
|European Union (27 countries)||81.4||83.5||84.9|
|Eurozone (17 countries)||87.1||88.2||90.0|