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The mean debt level of the treatment group companies increases slightly throughout the whole period.
Conversely, not affected or control group companies increase their mean debt level by a 2.84 % from 19.20 % in 2008 to 22.04 % in 2013.
As Fig. 3 illustrates, there is a significant decrease in the mean debt level of 14.44 % for the treatment group from 2012 to 2013, while this reduction was only of 1.78 % for the control group.
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Q What is the average debt level?
They have got to borrow for it and that means debt levels will rise.
It means higher debt levels.
Allowing a more realistic level of borrowing would mean pushing up the overall debt level.
That means European government debt levels may take a lot longer to fall than officials hope.
This means adding $1 trillion to our already high $10 trillion National Debt a debt level almost everyone agrees already is excessive.
Q What is the debt level?
What impact will the debt level have?
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