Finances under control? Swiss national debt at 39% is far below that of our neighbors.
Switzerland's debt has decreased by 13.5 percentage points since 2000. The debt of neighboring countries has increased over the same period by 3.7 (Germany), 12.3 (Austria), 25.9 (Italy), and 50.0 (France) percentage points. Austria, Italy, France, and Germany thus exceed the EU convergence criteria (also Maastricht criteria), which prescribe a maximum government debt level of 60% of GDP. Since the introduction of the Swiss debt brake in 2003, gross debt has decreased by 18.2 percentage points,…
Switzerland's debt has decreased by 13.5 percentage points since 2000. The debt of neighboring countries has increased over the same period by 3.7 (Germany), 12.3 (Austria), 25.9 (Italy), and 50.0 (France) percentage points. Austria, Italy, France, and Germany thus exceed the EU convergence criteria (also Maastricht criteria), which prescribe a maximum government debt level of 60% of GDP. Since the introduction of the Swiss debt brake in 2003, gross debt has decreased by 18.2 percentage points,…