Business News- World- World Debt to spike- up 45 percent soon

November 25, 2009

By paul collier

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World debt to soar 45 percent: Moody’s

PARIS — The debt weighing on national budgets will have soared by up to 45 percent worldwide in the period from 2007 to 2010, leading ratings agency Moody’s estimated on Wednesday.

“Preliminary estimates suggest that the total stock of sovereign debt will have risen by as much as 45 percent or 15.3 trillion dollars (10.2 trillion euros) from 2007 to 2010,” Moody’s analyst Jaime Reusche said in a statement.

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