Europe’s indebted nations While many European countries are expected to make progress in reining in national deficits, some nations, such as Belgium, France, Italy and the UK, are set to see debt continue to rise GOVERNMENT DEBT (% of GDP) Forecast 160 150 140 130 120 110 100 90 80 70 2010 2015 2020 2025 2029 Overall debt in Western Europe predicted to decline slightly over next five years Italy 139.2 144.9 +5.7 Belgium 105.4 115.6 +10.2 France 111.6 115.2 +3.6 UK 104.3 110.1 +5.8 Western Europe* 87.1 86.9 -0.2 *Andorra, Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, Malta, Netherlands, Norway, Portugal, San Marino, Spain, Sweden, Switzerland, UK Sources: Bloomberg, IMF © GRAPHIC NEWS