(04 Apr 2017) Global debt hits unthinkable (and unsustainable) $215 trillion. The Institute of International Finance (IIF) is a global association of financial institutions that was born out of the international debt crisis of the early 1980s. The group just released a report on the current level of global debt, and the figures are staggering. A decade ago, the world was awash in debt to the tune of $65 trillion, with the US accounting for about $8.5 trillion of that amount, or 12%. Today, global debt levels have reached an almost-unfathonable $215 trillion, with the US accounting for $20 trillion of the figure, or 9.3%. Put another way, global debt is now equal to 325% of global GDP. Should we celebrate the fact that we now hold a smaller percentage of the world's outstanding debt load? Umm...no. Both figures are unsustainable and are a threat to global peace and prosperity. Now, take a look at the leadership structure in places like Europe, and form an opinion on whether or not the problem will be solved or exacerbated.