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77 sats \ 1 reply \ @BitcoinAbhi 22 Jul 2024 \ on: Eurozone Debt Crisis econ
Eurostat reports that Eurozone public debt slightly increased in Q1 2023. The debt-to-GDP ratio rose to 88.7% from 88.2% in the previous quarter, with total debt reaching €12.926 trillion, up from €12.733 trillion.
The situation is quite serious
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66 sats \ 0 replies \ @jp305 22 Jul 2024
Considering that GDP is increasing because of QE and not productivity gains, yes it is quite serious.
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