Government Debt vs. Gross National Product - The EU Perspective

Government debt remains a pressing issue across Europe. The COVID-19 pandemic significantly increased debt-to-GDP ratios in many countries. Greece, once Europe's fiscal trouble spot, has managed to reduce its debt ratio considerably since then. Italy has also made progress, leveraging innovative programs like the "Superbonus 110" to stimulate economic growth.

Germany reflects the overall EU trend with its debt levels. In 2023, Malta led the EU in economic growth with a rate of 6.7%, while Ireland lagged behind at -5.5%. The EU average stood at 0.4%.