Which is the greatest creditor nation on earth, and which one the greatest debtor nation?

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Which is the greatest creditor nation on earth, and which one the greatest debtor nation?

2006-09-24 03:30:11 · 2 answers · asked by Alex T 2 in News & Events ➔ Other - News & Events

2 answers

I'd say the US wins for both.

2006-09-24 03:48:02 · answer #1 · answered by Anonymous · 3⤊ 0⤋

In less than a generation, the U.S. has gone from being the greatest creditor nation to the biggest debtor nation. I'm not sure who holds the title for greatest creditor nation today, but my guess would be China since they hold most of our debt (in government bonds). The interest alone on these bonds is crippling.

2006-09-24 10:40:53 · answer #2 · answered by keepsondancing 5 · 0⤊ 0⤋