Elevated interest rates, political turmoil, and economic uncertainty portend a crisis on the horizon in 2024

The EU is poised for a delicate balancing act in 2024 as it grapples with escalating debt levels amid elevated interest rates that could squeeze a number of member states. It is a tense situation that has the potential to turn into a full-blown crisis by the year’s end.

Among EU countries, France and Italy emerge as the front-runners in terms of national debt, with approximately €3.05 trillion and €2.85 trillion, respectively. Although France leads the ranking in nominal debt terms, Italy’s higher debt-to-GDP ratio raises concerns about the sustainability of its fiscal position.......more below

https://www.rt.com/business/590399-eu-debt-crisis/