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Japan’s national debt tops 1 quadrillion yen

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Japan’s national debt exceeded 1,000 trillion yen, or $10.46 trillion, for the first time. It’s now well above 200% of the country’s GDP and is larger than that of Germany, France and the UK combined. Japan has increased borrowing this year to spend more on the country’s infrastructure as part of an ambitious program of economic stimulus aimed at ending 20 years of stagnation and falling... 

Will Portugal pull out from Eurozone?

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The Portuguese Government is convinced that the ongoing austerity measures and economic restructuring will enable the country to return to the credit market in 2013, but recent projections refute this assertion. Foreign politicians and economists predict that Portugal, like Greece, will exit the Eurozone. What do the Portuguese think about this? According to Ernst & Young, if the interest rate... 
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