America’s Debt Is Greater than Entire Eurozone’s (and U.K.’s) Combined Debt Like most charts and statistics, this one has its flaws. For one thing, the euro has been dropping like a rock relative to the dollar because of the European debt crisis. This has the effect of making the Europe debt seem smaller when it is priced is dollars (as it is in this chart). Still, I would bet that only accounts for about %20 of the effect.
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