Disaster Averted? --EU

I was struck by the chart below  (stolen from a tweet fussing about the fact only the US is predicted to see an increase in government debt over the next years, but what's more interesting to me is the fact that Greece and Italy stand next the top of the list in reducing their ratio.  This is how many years since we were all worrying about the nearly inevitable Greek exit from the EU, the collapse of Spain (also doing ok) and Italy and the resulting disaster for the European Union.  That didn't happen--there's still problems now and in the future for the EU, but on a sunny Friday afternoon it's worth noting the bad news which didn't happen.


From a tweet: