Portugal to use $875 million from Novo Banco sale to pay down debt | Reuters

“The government expects the country’s public debt ratio to fall to 87.8% of gross domestic product ​this year from 89.7% in 2025, extending ​a sharp ⁠decline from a pandemic-era peak of 135.2% in 2020,” Reuters writes.

By comparison: the United States’ debt is currently 122.6%, when including total gross federal debt, according to the Federal Reserve.

United Kingdom: 94.9%, according to the Office for National Statistics Public Sector Finances.

Italy, France, Spain: 138.9%, 117.6%, 101.6%, respectively, according to the latest Eurostat Government Debt Report.

But for the European Union overall, it is 81.7%.

Not bad, Portugal, but at what cost?