2006-08-01 09:04:07 · 13 answers · asked by mrjonas123 1 in Business & Finance ➔ Other - Business & Finance
I don't know but I think the population of the UK ought to be told who we owe & how much we owe because my mouth is still hanging open with shock after having just read this page: http://en.wikipedia.org/wiki/List_of_countries_by_external_debt
7,204 Billion $US (7.2 trillion) we owe, with the USA being the only country in the world outranking us.
The UK external debt is 80.4% of that of the USA BUT
The UK population is only 20% of that of the USA.
UK external debt $US 117,000 (£62,000) per person
USA external debt $US 29,000 (£15,000) per person
2006-08-01 09:31:34 · answer #1 · answered by Quasimojo 3 · 1⤊ 2⤋
Anyone who holds savings bonds, T-bills, and other forms of national debt are receiving interest on the debt. So, in some cases, the citizens of the country that has the large debt are receiving the money.
2006-08-01 09:07:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋
LOL - Good question - you really want to konw if ther is one country that is loaded that everyone owes?!
The answer is noone is collecting the money. Every country in the world is in debt, as one pays its debts it gets paid from a debtor and round and round the circle.
The USA succeeded at the end of the first world war to be in a great position, the armistice signed meant that UK and France owed it money for helping them with the war, and Germany had to pay them also ('cos the caused it!).
However - it didn't take long for the USA to borrow on the back of that promised income and it too fell into the routine of I owe them and you owe me!
2006-08-01 09:10:37 · answer #3 · answered by Haggis B 3 · 0⤊ 0⤋
Mostly countries that are in need that have no way to pay it back. The money is used for humanitarian aid and we will absorb the cost. Big businesses are the ones that get the money when the other countries spend it.
2006-08-01 09:07:18 · answer #4 · answered by scott 3 · 0⤊ 0⤋
China
2006-08-01 09:07:06 · answer #5 · answered by morrigansylvan 2 · 0⤊ 0⤋
International Monetary Fund
more info @:
2006-08-01 09:09:59 · answer #6 · answered by Splishy 7 · 0⤊ 0⤋
The rich people for research, medical testing and fine cars to get to work in so they can do it.
2006-08-01 09:08:22 · answer #7 · answered by Mrs. Butler ♥2 B♥ 5 · 0⤊ 0⤋
around and around it goes. China owns America's debt, Austrailia owns China's debt... and so on and so forth.
2006-08-01 09:07:28 · answer #8 · answered by someDumbAmerican 4 · 0⤊ 0⤋
international banks such as lloyds and banc du suisse. they loan millions to poor countries and then charge high intrest.
2006-08-01 09:08:44 · answer #9 · answered by nuclear farter 3 · 0⤊ 0⤋
the places loaning the cash
2006-08-01 09:08:22 · answer #10 · answered by Simmy 5 · 0⤊ 0⤋