Another year older and deeper in debt

www.euronews.net It has been calculated the world’s top economies have 5.8 trillion euros worth of borrowings they will have to pay back in 2012. That is the Group of Seven leading economic nations, plus the so called BRICs — the biggest emerging countries Brazil, Russia, India and China. Most of those countries will have to pay higher rates of interest to borrow more. Japan in the top spot with 2.3 trillion euros, followed by the United States with the equivalent of 2.1 trillion euros.
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Jim Chanos: China Debt is Worse than Europe Debt

etf-investment-ideas.blogspot.com Bloomberg Interviews Jim Chanos on the 20th of September 2011 at Clinton Global Initiative Annual Meeting.

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