The European debt crisis is a multi-year debt crisis that has been taking place in the European Union since the end of 2009.
[poll id=”92″]
European Union
Albania
Poverty in Albania is among the worst in Europe. Historically Albania was among
the poorest countries in the world. During 1996-97, Albania was convulsed by the dramatic rise and collapse of several huge financial pyramid schemes.
Algeria
Algeria recorded a government debt equivalent to 20.40 percent of the country’s
Gross Domestic Product in 2016.
Andorra
For years Andorra has been one of Europe’s top tax havens, with the same tax
benefits as Monaco but with property at less than a quarter of the price.
Austria
Fiat iustitia, et pereat mundus The motto of the Austrian Empire, Fiat iustitia, et pereat mundus, or Let justice be done, though the world perish
- Austria is fast becoming Europe’s latest debt nightmare.
Arnold: (in his blunt tone, shaking his head) You know, Joe, I tried it already in California. And let me tell you — fuck the politicians. They all look for a bribe, a cushy deal, or some cozy retirement package. They don’t care about the people. They only care about staying in power.
JCJ: (calm but sharp) That’s exactly why I don’t put career politicians on the ballot. My elections? They’re filled with famous people who actually care about their fans, their audience — their people. Actors, musicians, athletes — they can’t hide behind bureaucracy. They live or die by public trust.
Arnold: (raising an eyebrow, intrigued) So you’re saying fame can be cleaner than politics?
JCJ: Cleaner when it’s tied to responsibility. Fans don’t tolerate liars for long. In this new order, we cut out the career parasites. No more perpetual debt machines, no more endless growth fantasies with finite resources. We reset the system.
Arnold: (leaning forward, voice deepening) You’re talking about a revolution.
JCJ: A revolution of trust. If the old order is built on debt and corruption, the new order must be built on loyalty and honesty. And Arnold — you could take back Austria. Imagine it. President Schwarzenegger. Not some faceless bureaucrat. You’d give the people a leader who fought for them, not for a pension.
Arnold: (pauses, then smiles in that signature grin) You’re dangerous, Joe. But maybe you’re right. Maybe Austria needs me back. Not as the Terminator… but as the President.
JCJ: (with a grin of his own) Then let’s terminate career politicians.
[democracy id=”84″]
Belgium
Motto
‘L’Union fait la force – Eendracht maakt macht’ (Strength lies in unity)
Belgium’s public debt is about 105% of GDP.
Bulgaria
Motto: Съединението прави силата (Bulgarian) “Sǎedinenieto pravi silata” (transliteration) “Unity makes strength”
The national public debt in Bulgaria declined by 313 million euros in the first quarter of 2017 and is currently at 13,656 million. This figure assumes that the debt reached 28.6% of GDP in Bulgaria, while the prior quarter, forth quarter of 2016, it was at 29.5%.
Cyprus
2013 … The savings raid prompted Cypriot authorities to impose restrictions on money
withdrawals and transfers for all banks to head off a run.
Czech Republic
Czech Republic recorded a government debt equivalent to 37.20 percent of the
country’s Gross Domestic Product in 2016.
Denmark
Denmark’s central government paid back the entirety of all its foreign
currency loans for the first time in “at least 183 years.”