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

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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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This entry was posted on Wednesday, November 25th, 2009 at 10:02 pm and is filed under Freedom News, US News, business news, world news. You can follow any responses to this entry through the RSS 2.0 feed.