The Danger Line

A chart published by OECD (which link I am not able to give here), shows the relative positions of various OECD countries with respect to their financial stability (based on a chart depicting their national net public debt vs the projected annual deficit for 2010 both as percentage of GDP).

The countries which are under the safety line are marked as red and those above are marked in other colors.

In the red, in the order of their ranking from worst to better are, Japan, Greece, UK, Ireland, US, Italy, France, Portugal and Spain.

In the yellow are again from worst to better are Germany, Poland, Hungary, Netherlands and Canada.

The countries which are much better off are Australia, Sweden, Switzerland, Finland and Korea.

And the best and the one which stands out is Norway.