Germany

Sovereign Credit Rating: AAA
Debt-to-GDP Ratio, 2010: 84.5%*
Current Account Balance, 2010: 3.6%
GDP Growth, 2010: 0.3%
Budget Deficit Ratio, 2010: –4.6%

As Europe's largest economy and biggest exporter, Germany is better placed than many to weather its government debt problems. And unlike most European countries, Germany plans to introduce tax cuts worth $12.3 billion this year to bolster the local economy. The free spending can't last forever, though. The European Commission has set a 2013 deadline for Germany to lower its budget deficit to less than 3%, vs. this year's 4.6% figure.

* The European Commission pegs the ratio at 76.7%.