soverign debt crisis
most of european country is suffering from the high government expenditure, so to whom we can blame for this, financial crisis or to government.
actuly after financial crisis governments came with stimulus packages which was the majour reason for increase in goverment expenditure, and as a precaution goverment has borrowed money so much than its capability which is resulted in increase of debt to GDP ratio.
Debt to GDP ratio for some of country is given as follows.
Greece 113%
UK 146%
geremany 190%
portugal 160%
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