Swiss Homeowners Most Indebted in World
by Roberta Murphy Would you believe that Swiss homeowners are sitting on a “mountain of debt” and that the Swiss National Bank claims that mortgage credit now represents 103.6 percent of Switzerland’s Gross Domestic Product or GDP? The Swiss are only outdone by the Netherlands with 107.1, according to SwissInfo, who also report that other heavy debtors include the United States at 76.5 percent and Spain at 64. The…
