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Who are the world's biggest debtor nations? The rankings may surprise you!
crazygaijin
Posts: 272 Forumite
The World's Biggest Debtor Nations
http://www.cnbc.com/id/30308959
In today's struggling global markets, many national economies have looked to their government and foreign lenders for financial support, which translates to increased spending, borrowing and in most cases, growing national debt.
Deficit spending, government debt and private sector borrowing are the norm in most western countries, but due in part to the global financial crisis, some nations and economies are in considerably worse debt positions than others.
External debt is a measure of a nation's foreign liabilities, capital plus interest that a country must eventually pay. This number not only includes government debt, but also debt owed by the private sector and individuals.
http://www.youtube.com/watch?v=8KAqoGV3Ok4
http://www.cnbc.com/id/30308959
In today's struggling global markets, many national economies have looked to their government and foreign lenders for financial support, which translates to increased spending, borrowing and in most cases, growing national debt.
Deficit spending, government debt and private sector borrowing are the norm in most western countries, but due in part to the global financial crisis, some nations and economies are in considerably worse debt positions than others.
External debt is a measure of a nation's foreign liabilities, capital plus interest that a country must eventually pay. This number not only includes government debt, but also debt owed by the private sector and individuals.
http://www.youtube.com/watch?v=8KAqoGV3Ok4
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Comments
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Almost all European....Freedom is not worth having if it does not include the freedom to make mistakes.0 -
Seems Ireland could be going the way of Iceland.
The UK is number 2 on the list.0 -
crazygaijin wrote: »Seems Ireland could be going the way of Iceland.
The UK is number 2 on the list.
The only surprising thing there is that it's not at number 1
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Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
Graham_Devon wrote: »The only surprising thing there is that it's not at number 1
we are a hell of a long way behind Ireland...
(its a bit like Eurovision !!)Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
They're just adding together all government, personal and corporate debt and taking no account of the assets offsetting them. As a consequence, small countries with big financial industries will naturally appear high on this list.0
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yeah like at China and the USA0
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Surely they are just taking in to account RBS liability's etc and not including assets.
Nearly everyone is in debt to a some extent but not including their assets on there is a bit misleading.
A bit like a millionaire with £30k on their credit card are they worth -£30K or actually £970,000
It's one of those "don't look at the numbers guys of cause you are better off in the US look":)0 -
An utterly assinine survey, and very very lazy journalism.
Completely meaningless comparisons.0 -
Irelands debt if phenomanal, I hadn't realised it was that much0
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