Just How Much Is Europe Debt Costs Squeezing Countries….?
August 14, 2012 2:54 pm
Here are some interesting data-points from EuroStat that clearly illustrates just how much the payments have risen over the past several quarters. It is not news to anyone that the region is being crushed by heavy debt loads and little ability to come up with the revenues as they slip further into a recession.
The levels have been rising at a staggering pace. It is no wonder that the ECB wants to do everything as they are about to get steamrolled.