dynamics of the debt ratios of the various non-financial sectors in Belgium and in the euro area. This reveals wide differences … between countries, particularly in regard to the size, dynamics and composition of the debt positions. Next, the … sustainability of those debt positions is assessed on the basis of a number of key indicators to identify those countries and sectors …

. The first step is when a borrowing boom ends. The second step is when agents increase saving and re-pay debt. Borrowing … by accumulated debt burdens. With deleveraging, households increase saving and re-pay debt which deepens the economic … slowdown. Repayment reduces debt, helping economic activity eventually to recover. …

. The first step is when a borrowing boom ends. The second step is when agents increase saving and re-pay debt. Borrowing … by accumulated debt burdens. With deleveraging, households increase saving and re-pay debt which deepens the economic … slowdown. Repayment reduces debt, helping economic activity eventually to recover. …

markedly rising nonperforming loans during the crisis, following years of high credit growth. The inclusion of sector debt …. We scrutinize the fast buildup of debt prior to the financial crisis as well as the gradual adjustment that has taken … place in some countries more recently. We focus on the developments of the debt stock in relation to disposable income and …

is happening now is that, after the bursting of the bubble, the private sector is deleveraging or reducing its debt to a … sector is willing to, and may, get into debt, should the government start to cut its budget deficit. …