Monday, October 24, 2011

Who is the soggiest of them all?


What Countries—and Their Citizens—Owe   

Data from the McKinsey Global Institute show that sovereign debt is only part of the debt problem. Households and banks owe, too

At least it’s been clear just how underwater all the struggling countries have been, right? Not exactly. If you add household, business, and bank debt to the total, the picture is a good deal spookier. By this measure, the U.K. is the soggiest.

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