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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: BigBull who wrote (32499)10/30/2000 9:19:39 PM
From: pater tenebrarum  Read Replies (2) of 436258
 
it's not something that seems equally prevalent in continental Europe...i refer to the Euro zone mostly when speaking of Europe.
the tendency to go into more and more debt at every available opportunity is not a commonly observed trait.
Britain is the exception to the rule in wider Europe...the financial liabilities of its household sector are 79% of GDP. for comparison: Spain 58%, Germany 56%, Sweden 54%, France 50%, Finland 41%, Italy 24%.
so it is not a big surprise that this type of story emanates from the UK.
i share your concern about the US household sector...it is the most indebted in the industrialized world, by far.
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