Considering that GDP is increasing because of QE and not productivity gains, yes it is quite serious.

jp305

Eurostat reports that Eurozone public debt slightly increased in Q1 2023. The debt-to-GDP ratio rose to 88.7% from 88.2% in the previous quarter, with total debt reaching €12.926 trillion, up from €12.733 trillion.

econ

Eurozone Debt Crisis

GhostofTruth

>Eurostat reports that Eurozone public debt slightly increased in Q1 2023. The debt-to-GDP ratio rose to 88.7% from 88.2% in the previous quarter, with total debt reaching €12.926 trillion, up from €12.733 trillion.

The situation is quite serious