Monday, 3 March 2008

100%, That's The Current Debt Burden.

"Finland's household debt-to-equity ratio inched beyond 100 per cent for the first time on record, Statistics Finland (SF) said in a statement Friday."
Not a surprising news. Household have been pilling up debt fuelling an economy that rely on it.

"Tuomas Rothovius of the agency said that although the ratio had risen, it was moderate when compared with other industrial countries'."

1 comment:

Anonymous said...

Now in the USA banks own more of housing equity than do the "owners":

A note: sometimes when people post a long URL I cannot copy it and open it.