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The list shows that debt is "ok" if creditors believe it'll be repaid eventually(USA,Japan). Some countries just cant afford the "cost of debt"(mostly Africa).
by aikah 12y ago
The list shows that debt is "ok" if creditors believe it'll be repaid eventually(USA,Japan). Some countries just cant afford the "cost of debt"(mostly Africa). Others are in a dire situation when creditors feel they wont get their money back(Greece).
I didn't know Japan was the country with the largest public debt.thanks.
- cordite 12y agoNorway loos to be pretty interesting on that list too. As well as Finland.
- eru 12y agoSingapore, too. No natural resources, still no net public debt. (http://www.gov.sg/government/web/content/govsg/classic/factually/Factually-310812-IsitfiscallysustainableforSingaporetohavesuchahighlevelofdebt http://www.gov.sg/government/web/content/govsg/classic/factu...)