ER Editor: A massive transfer of citizens’ tax money … part of what the PLANdemic was really all about.
How European Government Debt Grew During The Pandemic
European government debt increased across the board during the pandemic, but as Statista’s Martin Armstrong shows in the chart below, the effects were felt a lot harder in some countries than they were in others.
The figures, compiled by the UK’s Office for National Statistics, reveal a 12.9 point increase across all EU countries.
You will find more infographics at Statista
Ireland, in terms of general government gross debt, saw a percentage point increase of just 0.4 from the end of Q4 2019 to the end of Q3 2021. Spain, on the other hand, now finds itself with 26.3 p.p. more.
The UK, in comparison, recorded a change of 18.8 points. UK government debt now exceeds its GDP – 103.7 percent – and is the highest rate of the post-war era, far exceeding even the levels seen as a result of the 2008 financial crisis which peaked in 2014/15 at 84.9 percent of GDP.
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.
Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.