2. Greece – Debt Deficit: 179.00% of GDP
The runner up of our top 10 countries with the biggest debt deficit is Greece. Its bankruptcy popularity exceeds other countries’. Although Greece is not on top of our list, meaning there is one more country with bigger debt deficit, why is it considered to be the worst?
Let’s take a look at the facts. Unlike Lebanon and Portugal (that struggle with internal instability problems), unlike Belgium, Cyprus, Cape Verde, and Jamaica (that are considered as small countries), and unlike Italy, USA, and the next country on the list (that have sustainable source of income), Greece is an ancient country, one of the biggest European country, and has no sustainable source of income.
So, basically, no one will lend Greece a great amount of money to survive this debt problem. That is why people think Greece is soon to be broke and is merely a country now.
