National debt
US
2013 16.83 trillion dollars
2023 32.33 trillion dollars
EU
2013 13.19 trillion dollars
2023 14.5 trillion dollars
US
2013 16.83 trillion dollars
2023 32.33 trillion dollars
EU
2013 13.19 trillion dollars
2023 14.5 trillion dollars
USA 41.5
EU 29.6
Debt is often used as a justification for spending cuts, often targeting the middle and lower classes
It's a weakth shift. The EU could double it's debt and give the money to the companies and would be on the same level as the US, GDP and debt wise.