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World-Beating Debt Burden Is No ‘Serious Threat’ to Denmark

Danish central bank Governor Lars Rohde said most of the nation’s households would survive a jump in interest rates or a loss of income as Denmark tops world debt rankings.

An investigation into household borrowing revealed that high indebtedness curbed spending and economic growth during the financial crisis, the Copenhagen-based Systemic Risk Council, which Rohde chairs, said yesterday. Still, those findings aren’t grounds for alarm, according to Rohde.