Saturday, September 24, 2011

Eurozone Public and Private Debt

Floyd Norris in the New York Times has a good article comparing the levels of public and private debt in eurozone countries.  The article makes the point that the amount of private debts in these countries is important in the current crisis because it directly affects the ability of these counties to grow their economies (which is harder if the population is trying to dig itself out from a pile of debt).  The article also has this good chart:

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