economedia.ro/datoria-publica-a-europei-a-ajuns-in

Europe's total debt has reached a historic high of over $95 trillion, with public debts significantly higher than during the debt crisis of the late 2000s. The International Institute of Finance (IIF) warns that political paralysis could exacerbate tensions regarding debt, particularly among major economies. The highest debt-to-GDP increases are noted in Romania, Finland, and Poland, partly due to rising defense spending. Despite the record debt levels, the debt-to-GDP ratio is lower than at the onset of the 2009 crisis, reflecting reduced bank leverage. However, budgetary reserves are diminishing, and political reactions complicate fiscal consolidation efforts. Analysts caution that political blockages could trigger new debt tensions, with potential global repercussions due to Europe's role as a major capital exporter.