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Turner refers to this as the problem of "debt overhang".
"A comprehensive plan to address the corporate debt overhang would assist a steady deleveraging process".
The spectacular debt overhang that he inherited from a fiscally incontinent Labour government.
Decent numbers, but a massive debt overhang is demanding better performance.
Nobody in the private sector is willing to fill the hole created by the debt overhang.
So does the continuing debt overhang, which makes a sustained recovery difficult.
Most of the options for dealing with the debt overhang are unpalatable.
Problems of debt overhang become that much worse for the economy".
The huge debt overhang is a yoke holding back economic growth.
Booming equity markets have obscured the danger of this debt overhang.
It wouldn't be accentuating the problem of debt overhang, or creating the conditions for yet another boom-and-bust cycle.
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