We all know the debt situation in the United States is bad. The country’s debt-to-GDP ratio is 101 percent. Unfortunately, nothing appears to be happening to start paying down the $17 trillion national debt, or even tackling the $120 trillion unfunded liabilities and expenditures.
The U.S. isn’t the only country experiencing debt problems.
Things are bad everywhere, including in these 10 countries that are also labeled as the most indebted nations in the world, according to Reuters. Using data from Moody’s Estimates and National Authorities, the news outlet concluded that Japan, Greece and Italy are the three most indebted nations in the world today.
Here is the chart:
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