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Denmark rids itself of foreign debt for first time in 183 years

22.03.2017  16:46

Denmark will pay off its last foreign currency loan worth $1.5bn. Data from the National Bank of Denmark shows that the last time the government was close to paying off all its foreign currency loans was 183 years ago in 1894.

Denmark’s overall debt-to-GDP ratio is one of the lowest among Europe’s major economies, standing at 38 per cent and is expected to fall to around 36 per cent in 2018 according to the European Commission.