[FlamesAddiction]

This list is pretty scary to me considering the issues Greece is having with its debt problems. Can someone explain the implications of this? I’m not the most savvy when it comes to global economics… I see big numbers and get freaked out. Maybe it is not as big of a deal as it seems, but if Greece is having debt issues, what is holding back the others? Also, if Hong Kong defaults to lenders at some point would China be on the hook?

Considering that 15 of the 20 are EU countries, could this issue in Greece just be the beginning of the end for them?


Country Name, Gross External Debt, GDP, percentage of external debt vs GDP

1.Ireland – 2.386tr, 188.4b, 1267%
2.Switzerland – 1.338tr, 316.7b, 422.7%
3.UK – 9.087tr, 2.226tr, 408.3%
4.Netherlands – 2.452tr, 672b, 365%
5.Belgium – 1.246tr, 389b, 320.2%
6.Denmark – 607.38b, 203.6b, 298.3%
7.Austria – 832.4b, 329.5b, 252.6%
8.France – 5.021tr, 2.128tr, 236%
9.Portugal - 507b, 236.5b, 214.4%
10.Hong Kong – 631.13b, 306.6b, 205.8%
11.Norway – 548.1b, 275.4b, 199%
12.Sweden – 669.1b, 344.3b, 194.3%
13.Finland – 364.85b, 193.5b, 188.5%
14.Germany – 5.208tr, 2.918tr, 178.5%
15.Spain – 2.409tr, 1.403tr, 171.7%
16.Greece – 552.8b, 343b, 161.1%
17.Italy – 2.31tr, 1.823tr, 126.7%
18.Australia – 891.26b, 800.2b, 111.3%
19.Hungary – 207.92b, 196.6b, 105.7%
20.US – 13.454tr, 14.26tr, 94.3%



http://www.cnbc.com/id/30308959/The_...Debtor_Nations