And I think the UK has debt problems? – EU debt grows in Q1 2014

• Eurozone Q1 2014 government debt 9.05bn vs 8.90bn in Q4 2013 and 8.79bn Q1 2013
• Debt at 93.9% of GDP vs 92.7% in Q4 2014 and 92.5% Q1 2013
• EU 28 states debt 11.57bn vs 11.40bn in Q4 2013 and 11.12bn in Q1 2013
• Debt at 88.0% of GDP Q1 2014 vs 87.2% Q4 2013 and 86.2% Q1 2013

Slovenia and Belgium have been singled out as the main culprits, up 7 & 3.9 percentage points respectively.

Topping the list of largest debts is Greece at 174.1% of GDP, Italy 135.6% and Portugal at 132.9%

Italy is fast becoming the biggest potential threat to Europe as debt levels remain very high and growth negative.