The 17 countries with the highest level of government debt

Martinghoul said:
The international debt mkts don't have a lot of appetite for South American and African sovereign debt, given its propensity to default. That means that govts in those regions are not capable of issuing a lot and thus can't have a high debt/GDP.
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it starts looking a little different when you judge based on how much they can borrow
 
Martinghoul said:
The international debt mkts don't have a lot of appetite for South American and African sovereign debt, given its propensity to default. That means that govts in those regions are not capable of issuing a lot and thus can't have a high debt/GDP.
More...

and to your point both in South America and Africa taxes are hard to collect....
 
for a farmer in Mali, taxes are and always have been 100% if you play by the rules, and those taxes have been collected very easily ever since anyone can remember
 
What is especially worrisome about Japan is the stagnant / declining population growth. They really should pay couples to have children.
 
bone said:
What is especially worrisome about Japan is the stagnant / declining population growth. They really should pay couples to have children.
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Or encourage immigration, much faster solution.
 
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