How Does Canada Compare to Dead Beat Europeans?

We've heard a lot about the Greek and European debt crisis recently. And if you live in Canada, you've heard a lot about how great the economy and our banks are since 2008.

But are things really that great in Canada? Here is the list 15 countries with the highest debt-to-GDP ratios in the world.

1 Zimbabwe 234.1 2010 est.
2 Japan 197.5 2010 est.
3 Saint Kitts and Nevis 185.0 2009 est.
4 Lebanon 133.8 2010 est.
5 Jamaica 126.5 2010 est.
6 Iceland 126.1 2010 est.
7 Italy 118.4 2010 est.
8 Greece 116.0c 2011 est.
9 Singapore 105.8 2010 est.
10 Barbados 102.1 2010 est.
11 Belgium 96.2 2010 est.
12 Ireland 94.9 2010 est.
13 Portugal 93.3 2010 est.
14 Sudan 92.6 2010 est.
15 Canada 84.0 2010 est.

Canada is 15th out of 133 of the world's nations. But look more carefully at the list. If we exclude very small or very dysfunctional countries like Zimbabwe, Saint Kitts and Nevis, Lebanon, Jamica, Iceland, Barbados, and Sudan, we see that Canada is 8th.

Is that anything to be proud of?