http://www.marketwatch.com/story/st...atll-blow-up-euro-2013-05-08?dist=tbeforebell
At more than 250%, household debt is even higher than in Ireland and 2 times the level in Greece. Already one bank was rescued by the government, and with house prices still collapsing there may well be more to come. Consumer debt in the Netherlands has hit 250% of available income, one of the highest levels in the world. In Spain, by comparison, it has never gone above 125%.
Mmmm!! More Haircuts to come.
At least the Barbers are being kept busy.
At more than 250%, household debt is even higher than in Ireland and 2 times the level in Greece. Already one bank was rescued by the government, and with house prices still collapsing there may well be more to come. Consumer debt in the Netherlands has hit 250% of available income, one of the highest levels in the world. In Spain, by comparison, it has never gone above 125%.
Mmmm!! More Haircuts to come.
At least the Barbers are being kept busy.