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Portugal is the third country in the European Union where individuals hold the largest share of the total debt.
in Portugal, Business · 19 Jun 2022, 07:03 · 2 Comments
The conclusion is the result of a study on the distribution of debt released this week by the European statistics office Eurostat.
Around 13% of Portugal’s debt is in the hands of non-financial entities, individuals and non-profit entities.
Only Hungary (25%) and Malta (17%) have a higher debt burden on citizens.
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That is actually quite good, its the citizenry who holds the debt of the State, meaning it holds the power, not financial vultures (institutions). Well done also for Hungary and Malta.
By Diogo F. from Madeira on 19 Jun 2022, 12:37
I agree it's good. Portugal should run bigger deficit to ensure young public servants, doctors and nurses, bad other public workers are well paid. Recover the money through some tax on tourists. But deficits to get the ball rolling. House prices are shocking to me when you consider wage levels.
By Alex from Algarve on 19 Jun 2022, 17:10