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Ifo Main Display The debt ratio (the ratio of public debt to gross domestic product) doubled With its debt policy Germany has become the laughing stock of Europe. DESTATIS - Federal Statistical Office Germany -Public finance - Debt Share of general goverment debt in the gross domestic product 1. Country, 2001, 2002, 2003 Germany, 59.4, 60.8, 64.2. Finland, 43.9, 42.6, 45.3 EUbusiness - Eurozone public deficit falls to 2.7 pct, debt rises Eurozone public deficit falls to 2.7 pct, debt rises to 71.3 pct France, Germany, Greece and Italy in particular are having difficulty meeting these BBC NEWS | Business | Germany unveils debt cut measures announces a series of measures to rein in its public deficit, including proposing scrapping one public holiday. 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