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Often forgotten and underestimated yet big GDP and employment contributors, family companies are driven by a very different type of reward: handing over a healthy, performing and sustainable business to the children.
But that figure hides a lot of variation: Greece, at the top, owes 144.3%, up from 132.3% (although it has seen big GDP drops over the same period), followed by Italy at 126.1%.
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That doesn't actually get us to a bigger GDP.
Italy owes €1.8 trillion, or 120% of a far bigger GDP than Greece's, Ireland's or Portugal's.
However, the Bank does not forecast GDP quarter-on-quarter; instead, it forecasts how much bigger GDP will be in each quarter than a year before.
Lagos alone has a bigger GDP than Kenya, but residents of Makoko face a daily struggle for food, electricity, education and healthcare.
Yet, despite strong growth and a bigger GDP, it still lags behind South Africa, the continent's only G20 member, in terms of basic infrastructure and governance.
Tax-collection is woefully inadequate; the bigger GDP number shows tax revenues to be even smaller as a share of the economy than previously thought.
He notes that while it has the world's third biggest GDP, in per capita terms it is only one-tenth that of developed countries.
Abbott might like to know that California (a state with a bigger GDP than Australia's) also has a non-existent market-based emissions trading scheme that also gets a mention in the new EPA rules.
So if Mr Saiz had run his language-premium study against a parallel-universe America, in which the last half-century had been a golden age of language-learning, he might have found a bigger foreign-language bonus (and a bigger GDP pie to divide) in that more open and export-oriented fantasy America.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com