Feb 17, 2010
This Greek business has everyone a twitter over sovereign debt. Remarkably, our region has managed its debt rather well. Only Hungary cracks the top 20 (as a % of GDP) of the world’s most indebted countries. The highlights:
--United States, 20th place, external debt 95% of GDP.
--Hungary, 18th place, external debt 124% of GDP.
--Ireland, 1st place (or last depending how you look at it). The country’s external debt totals a whopping 1,352% of GDP.
While official statistics are hard to come by, roughly 1,350% of that is owed to Polish guest workers.