US interest rate rise could trigger global debt crisis

[Mackin USA]

Britain, Spain, and the US have cut household debt ratios but this is still not enough to offset the massive jump in public debt since the Lehman crisis.

France has suffered the worst deterioration of any major country in the developed world, with total non-financial debt levels spiralling upwards by 75 percentage points to 291pc, overtaking Britain at 269pc for the first time in decades.

http://www.telegraph.co.uk/finance/economics/11858952/BIS-fears-emerging-market-maelstrom-as-Fed-tightens.html