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Exact(16)
This meant that the figure covered any debts held by the councils against the properties.
Across much of Europe, bad debts held by banks are impairing the balance-sheets of their governments.
Spain's share market closed at its lowest level since 2003, prompted by worries over bad debts held by banks from a collapsed property market".
For retail magnate Sir Philip Green, the rationale for his weekend shopping trip to Iceland to buy debts held by the country's collapsed banks should be obvious.
He and other economists contend that too much austerity will depress private consumption and government revenue and increase the bad debts held by state-guaranteed banks, raising the cost to taxpayers.
Last month, the authorities in South Korea announced a step limiting the foreign exchange debts held by banks — a measure aimed at reducing the country's vulnerability to sudden capital reversals.
Similar(44)
The debt held by the public is currently $3.4 trillion.
Federal debt held by the public totals $3.4 trillion.
The key measure here is privately held interest-bearing federal government debt, which includes debt held by foreign central banks, and does not include debt held by the Fed or government debt held by the government.
Mr Clinton has boasted that government debt held by the public will be eliminated by 2013.
The debt held by private investors stood at $6.307 trillion on the day Mr. Obama took office.
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