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Exact(35)
That is a huge amount of debt created in a very short time.
The austerity policies to reduce debt created a downward spiral of collapsing demand and employment.
The 10.7 trillion renminbi in local government debt created at the same time still remains to be conquered.
A group of investment funds that hold Argentine debt created in the restructuring has filed briefs on behalf of the country.
After all, most of what we call "money" is actually bank deposits and other forms of short-term debt created by financial firms.
As a senator in 2006, Joseph R. Biden Jr. lamented "the tsunami of debt created by the policies" of the Bush administration, including big tax cuts.
Similar(25)
Such debt creates intense pressure to find and keep a job.
Critics say that the bank's credibility has suffered because its stake in Greek debt creates a conflict of interest.
It might have to issue stock to pay off that debt, creating far more dilution for suffering shareholders.
Councils took on an extra £13bn of debt, creating the capacity to build half a million homes over 30 years.
Mr. Walsh said he would focus on reducing spending and the national debt, creating jobs and veterans' issues.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com