Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
If you compare 20% to Greece's 125% debt-to-GDP ratio, you get an average duration of roughly (very roughly) 6 years.

So take other countries' Debt-to-GDP ratio and multiply by 15% (or divide by 6).

For instance (2008 figures):

EU average: 62% => 10% a year in debt service
Eurozone average: 69% => 11% a year in debt service
Italy: 105% => 18% a year in debt service
Belgium: 90% => 15% a year in debt service

And this is 2 years ago.

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Mon Apr 19th, 2010 at 02:36:38 AM EST
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