Come here often? Make XFINITY.com your homepage » close

close

Your XFINITY Connect session has timed out due to inactivity. Click here to go back close

24/7 Wall St.: The 10 Countries Deepest in Debt

The 10 Countries Deepest in Debt

The Greek government has agreed to drastic austerity measures in the hopes of securing a 130 billion euro bailout from international creditors — the second bailout in two years. The measures include dramatic cuts in pay, pensions and government services.

The creditors, which include the European Commission, the International Monetary Fund and the European Central Bank, demanded that Greece show clear evidence of how it will make 325 million euro of the 3.3 billion euro cuts. Greece, which has among the worst debt in the world, faces default as early as March if it does not get the bailout.

In addition to Greece, several European Union member countries now face overwhelming government debt. On Monday, Moody’s downgraded six countries. Other countries, like Germany and Japan, also have burdensome debts, but unlike Greece or other troubled EU members, their debt problems are not unmanageable. 24/7 Wall St. has identified the countries that have the highest debt-to-GDP ratios.

(iStock Photo)

More From 24/7 Wall St.:
The Richest Cities Where No One Wants to Move
The States With the Most Homes in Foreclosure
Eight Industries the U.S. Has Lost to China



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

Ad Info - Ad Feedback

Ad Info - Ad Feedback

Loading...