Scandinavian Debt Crisis Waiting to Happen Puzzles Krugman
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Scandinavia, which attracted investors during Europe’s sovereign debt crisis, is now coming under international scrutiny on concern that record household debt levels from Denmark to Sweden aren’t sustainable.
“You wonder if that’s a crisis waiting to happen,” Nobel Laureate Paul Krugman said in a Jan. 9 interview in Copenhagen. “I’m not sure, but it’s nervous-making.”