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Monday 06/10/2025
1) physio appointment, I hope he can work on the headaches
2) delicious tea and a hot water bottle and an electric blanket *grins*
3) no plans this evening. So I hope I have enough energy and focus to work on my crochet project
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As European countries pour billions into defense spending, their debt piles are expanding—raising questions of national fiscal stability.
In France, a rising debt ratio led Fitch to downgrade its credit rating in September. The country has faced ongoing political turmoil as the country’s debt supply recently hit a record $4 trillion.
This graphic shows European Union debt-to-GDP by country, based on data from Eurostat.
Below, we show general government gross debt as a percentage of GDP as of Q1 2025 in the EU:
Country | General Government Gross Debt (% of GDP) |
---|---|
![]() | 153 |
![]() | 138 |
![]() | 114 |
![]() | 107 |
![]() | 104 |
![]() | 96 |
![]() | 85 |
![]() | 84 |
![]() | 75 |
![]() | 70 |
![]() | 64 |
![]() | 63 |
![]() | 62 |
![]() | 58 |
![]() | 57 |
![]() | 56 |
![]() | 48 |
![]() | 46 |
![]() | 45 |
![]() | 43 |
![]() | 43 |
![]() | 41 |
![]() | 35 |
![]() | 34 |
![]() | 30 |
![]() | 26 |
![]() | 24 |
![]() | 24 |
European Union | 82 |
While Greece’s economy is thriving in 2025—supported by tourism, real estate, and shipping sectors—its debt situation continues to rank as the worst in the EU.
However, its debt-to-GDP ratio has steadily fallen in recent years, from 180% in 2022 to 153% today. Given its recent economic momentum, the country launched an innovation and infrastructure fund with BlackRock designed to attract $1.2 billion in foreign investment.
Italy holds the second-highest debt-to-GDP ratio in the EU, at 138%. However, the country has made notable progress in narrowing its deficit, cutting it from 7.2% of GDP in 2023 to 3.4% in 2024 on the back of strong tax revenues. Like Greece, its debt levels have been gradually trending downward.
By contrast, debt is rising in France, where it stands at 114% of GDP. In efforts to combat its deteriorating fiscal situation, the French government has raised the retirement age, and proposed cutting two national holidays—stoking public outrage.
Meanwhile, Germany’s debt ratio of 62% falls significantly below the EU average of 82%. At the same time, the country has eased its fiscal rules with massive defense spending, causing debt levels to rise.
To learn more about this topic, check out this graphic on debt to GDP by country worldwide.
We started contemplating this project after a petition to "enforce Bluesky's moderation guidelines equally" gained over 26,000 signatures and was ignored by Bluesky Trust and Safety. We were all deeply disappointed in this lack of response, and the subsequent unfollowing of every trans person by the Head of Trust and Safety. We saw the writing on the wall. (source)And that didn't feel particularly great, so I bailed to a very kind fannish person's PDS (I'm very grateful! And will not disclose because it's up to this person who is on the PDS, etc.) And this is the important part: if you follow or interact with me on Bluesky, you will not notice that even happened.
awww wait no! no!!!!