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European Tribune - Greece as a Case Study
The problem has of course been currency swaps that racked up prices and forced normally non-indebted Greeks to go into debt. And still, the rate of private debt in Greece is at 50% which is much lower than the rate in the UK and Spain.

I don't understand the above sentences and what the 50% is a percentage of (annual income? gross? net? assets?.

notes from no w here

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Feb 12th, 2010 at 09:29:37 AM EST

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