European debt reaches new heights in 2026
According to Eurostat data, public debt in 16 European Union countries reached record levels during the first quarter of 2026, with total debt amounting to €15.705 trillion, an increase of €327.3 billion compared to the previous period. France topped the list, with debt reaching €3.536 trillion after an increase of €75.6 billion, followed by Italy at €3.158 trillion, and Germany at €2.902 trillion, with record levels also observed in countries like Spain, Belgium, and Austria. This rise in public debt is among the highest levels in recent EU history and reflects the financial balancing challenges faced by countries in the region.
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