Search

The article discusses the status of debt levels of various countries in relation to the global financial crisis. It explores the culprits of the crisis which include the rise of collateral debt obligations and credit default swaps in the U.S., as well as the prediction for the public debt level of gross domestic product (GDP) of countries such as Japan, Great Britain and Australia. It also notes the short-term solutions that governments must take to fund their deficits.

Highlights the results of the survey on the percentage of small-business owners whose homes are used as security in Australia.