Denmark makes a debt cutting as a top priority

Note: This section contains information in English only.
Source: Bloomberg
Denmark's government announced that a debt reduction will be a top priority, despite a forecast that the domestic economy will contract by 0.5% in next year. Denmark debt to GDP ratio is 46.6% and is slightly less than half the Euro zone average, but governors believe that debt mountain's reduction will bring more benefits than pushing it up. However, Denmark's private debt was 322% of disposable income and that was the first result in the world in 2010.
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Tue, 11 Dec 2012 13:18:53 GMT

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