The debt’s not so bad – let’s accredit everything but the banks!


 

Global Financial Crisis: A World in Debt

The debt’s not so bad – let’s accredit everything but the banks!

“UK has a large economy of $2480 billion USD, but now holds debt in the size of 75% of economy, which is more than
the 60% max debt to economy ratio set by EU for 
economic stability standard. 

“As of Jan 2012, UK holds a AAA credit rating but has a
staggering Gross External Debt of 8981 billion USD (not shown). The private sector of UK (people, business’, etc) are highly indebted, only surpassed by USA. High debt slows economic growth and it is reflected in the slow 0.9% growth of economy in 2011, which is much lower than the 4.2% inflation – meaning people of UK are becoming more poor as of 2011/2012.”

Check our Demonocracy.info for graphical representations of the debt burdening your country.

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This entry was posted in Bureaucracy, Economics, Politics and tagged , , , . Bookmark the permalink.

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