Sovereign Debt Crisis – Interest Expenses Are Already Consuming Large Portions of Tax Revenue
Japan, for example, is paying nearly 24% of its tax revenues to service its debt, despite only paying an effective interest rate of 1%!
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Sovereign Debt Crisis – Interest Expenses Are Already Consuming Large Portions of Tax Revenue
Japan, for example, is paying nearly 24% of its tax revenues to service its debt, despite only paying an effective interest rate of 1%!
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