Monday, May 30, 2011

How did Luxembourg end up with such a huge debt?

I decided to check the debts of countries, just out of curiosity http://en.wikipedia.org/wiki/List_of_countries_by_external_debt and I can’t help but notice the epic debt of Luxembourg which is 4636% of GDP. How did they get into this trouble, what’s the story behind this? And how such a tiny country as Luxembourg manages to maintain this debt, I [...] http://bit.ly/j6xukG

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