Gordon Brown defends level of national debt

This news item was published by the Guardian on October 20, 2008.

The amount borrowed this year stands at 37.6% of Britian’s GDP which compares favourably with France (55.5%), Germany (56.1%) and Japan (94.3%).

“…the root cause of the problem is irresponsible lending. That happened in the private sector.” Brown said…

2 responses to “Gordon Brown defends level of national debt

  1. it’s never gonna stop…

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