More alleged solutions to the euro crisis are being presented daily, but eventually somebody will have to be paying back something.

This chart from Morgan Stanley Research compares the debt to GDP ratios across the Euro area, and it’s clear that, while a smaller nation like Greece may be able to rack up debt and get a huge haircut, other larger countries in the Eurozone are operating with uncomfortable Debt/GDP as well.

Spain currently sits with one of the safer Debt/GDP ratios, but don’t expect that to hold as they face a plethora of economic problems going forward.

Eurostat, Morgan Stanley Research

 

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