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From “The Numbers” section of the latest edition of Bloomberg BusinessWeek:

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Governments around the world haven been borrowing heavily in the past 10 years, so much that the debt level has now more than doubled to $55 Trillion.

CNBC has published a list of The World’s Biggest Debtor Nations based on the total outstanding external debt as a percentage of GDP. Greece ranks ahead of the U.S. at number 16.

Source: List of Countries for Anticipated S&P Credit Downgrades