European budget cuts and debt burdens, at a glance

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By The Associated Press, Associated Press

Painful budget cuts and tax increases haven't eased government debt burdens in Greece, Portugal, Ireland and some other European countries. Still, the interest rates on some long-term European government bonds have fallen. That's lowered borrowing costs for those nations.

GROSS GOVERNMENT DEBT AS % OF GDP LONG-TERM BOND YIELD
Ranking 2011 Q3 Chg in % from Year Earlier Ranking Jan '12 Chg in % from Year Earlier
1 Greece 159.1 Greece 20.3 1 Greece 25.9 Greece 14.2
2 Italy 119.6 Portugal 19.0 2 Portugal 13.9 Portugal 6.4
3 Portugal 110.1 Ireland 16.5 3 Ireland 7.7 Italy 0.9
4 Ireland 104.9 Spain 7.3 4 Italy 6.5 Spain -0.5
5 Belgium 98.5 Germany 6.1 5 Poland 5.7 France -0.6
6 U.S. 97.5 U.K. 6.0 6 Spain 5.4 Austria -0.6
7 France 85.2 Denmark 4.8 7 Belgium 4.1 Belgium -0.8
8 Germany 81.8 U.S. 4.6 8 Austria 3.3 Poland -0.8
9 U.K. 80.0 France 3.2 9 France 3.2 Ireland -1.0
10 Austria 71.6 Netherlands 1.4 10 Finland 2.3 Finland -1.0
11 Spain 66.0 Poland 0.9 11 Netherlands 2.2 Netherlands -1.1
12 Netherlands 64.5 Italy 0.5 12 Norway 2.0 Germany -1.2
13 Poland 56.3 Finland 0.2 13 U.S. 1.9 Denmark -1.3
14 Denmark 49.3 Austria -0.3 14 Germany 1.8 U.S. -1.4
15 Finland 47.2 Belgium -0.3 15 Denmark 1.7 U.K. -1.5
16 Norway 39.0 Sweden -1.6 16 Sweden 1.7 Sweden -1.5
17 Sweden 37.0 Norway -4.5 17 U.K. 1.5 Norway -1.5

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