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By George Magnus
Published: January 13 2010 14:48 | Last updated: January 13 2010 14:48
The sustainability of sovereign debt hangs heavily over bond markets, and the prospects for economic and financial stability.
Since 2007, OECD government deficits have risen by 7 per cent of GDP to just over 8 per cent, and debt, excluding contingent liabilities, has risen by about 25 per cent of GDP to just over 100 per cent.
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