The debt snowball in numbers 1 ▲ Models and Risk - Blog 18 minutes ago · Politics · hide · 0 comments For most governments the debt snowball still helps. In the US, the UK, France and Germany, the debt is growing because of the deficits. But what happens when the debt is refinanced at today's interest rates? No comments yet. Log in to reply on the Fediverse. Comments will appear here.