16 July
European Union. Government Debt to GDP. The value of the indicator has increased from 87.3% to 87.4%
A report on this calendar event is released annually by the Eurostat.
The indicator compares a country's public debt to its GDP and is usually used to determine the degree of stability of the economy.
The index assesses a country's ability to repay its current debts. Countries with a low debt-to-GDP ratio can pay off their debts fairly quickly. Countries with a high debt-to-GDP ratio are at risk of defaulting on their debts.
A debt-to-GDP ratio of more than 77% is considered risky.
Comments by the MarketCheese analysts: an increase of the indicator value may contribute to the fall in quotes of EUR.
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