For as long as I can remember whenever I've heard talk of national debt I've found myself wondering who a nation can be indebted to. I always figured it was a richer country (which it is in the case of many) or banks, or some really rich guy who had a few spare dollars he found down the back of the sofa.
But right now, as far as I can tell, every country is hugely indebted by sums of money that are completely mindblowing. When the richest country in the world is in debt, all the banks and indeed some previously well off countries are broke and the economy is seemingly falling apart... From who are we borrowing money?
Apparently, it's China, Japan and Germany.
ReplyDeleteGosh, we are a long way down that list.
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