I would like to thank the government for almost making me apparently bankrupt. BBC News - Eurozone debt web: Who owes what to whom? 117,580 Foreign debt per person 436% Foreign debt to GDP 81% Govt debt to GDP Risk Status: LOW The UK has very large amounts of overseas debt, of which the biggest component is the banking industry. The high debt to GDP ratio is explained by the UK's active financial sector, where there is a great deal of capital movement. This level of overall external debt is generally not seen as a problem because the UK also holds high-value assets. Having said this, the UK economy remains in the doldrums and the country is highly exposed to Irish as well as Italian and Portuguese debt. The UK in turn owes hundreds of billions to Germany and Spain. even the Greeks seem in less debt. GREECE GDP: 0.2 tn Foreign debt: 0.4 tn 38,073 Foreign debt per person 252% Foreign debt to GDP 166% Govt debt to GDP Risk Status: HIGH Greece is heavily indebted to eurozone countries and is one of three eurozone countries to have received a bail-out. Although the Greek economy is small and direct damage of it defaulting on its debts might be absorbed by the eurozone, the big fear is "contagion" - or that a Greek default could trigger a financial catastrophe for other, much bigger economies, such as Italy.