I think you'll find its quite a bit more than that if you delve into the areas which the governments try to hide from the public. It is absolute madness though - the world owing money to itself. I mean how is that even possible?
Each day we watch the news,read newspapers or surf the net, what flickers across our screens is information about debt and lost cause, without government intervention. " Nature has a way of self healing". With hindsight, the decision taken by governments to bail out the backs was wrong, in 2011, nothing has changed, there is a bubble brewing again in technology stocks. The price of prime location residential real estate in Warsaw, is booming again, Try finding a Villa in best parts of Zoliborz or Mokotow for less than 7 Mil PLN, 18 months during the so called crash, houses that dropped to 4 Mil PLN are being offered at 7-8 Mil PLN and they are finding buyers. The problem is the banks, they are lending again to irresponsible clients. Enter the next stage " Stockholm syndrome" people are convinced the only we out of the problem, is to worship and look to the ones that perpetuate this cycle of debt.
According to recent studies (such as ESPON data and the latest report from the Kwiatkowski Institute, a Polish NGO active on climate control issues), introduction of an auction system from 2013 in place of free allocation of emission allowances is likely to cause a rise in the price of electricity in Poland by 27% in 2013
Nowy Styl, a Polish furniture maker, halted plans to build a 60 million-zloty ($22 million) production line this year because of "poor market sentiment," Chief Executive Officer Adam Krzanowski said at a news conference in late April.
ES-System SA (ESS), a Warsaw-listed maker of lighting systems, suspended investment in a new plant in Dobczyce, southern Poland, because of lower-than-expected demand for solar panels in Europe, CEO Boguslaw Pilszeczek said at a news conference on May 12.
While Polish companies are expanding, they don't want to invest yet, said Slawomir Sikora, chief executive at Bank Handlowy SA, a unit of Citigroup Inc. and Poland's sixth-biggest bank by assets. Domestic entrepreneurs increased debt by 2.8 percent to 220.6 billion zloty in the first quarter, according to M3 money supply data from the central bank.
"These are mostly revolving loans for current operations," Sikora said. "There's no demand for investment loans while global uncertainty and problems in the euro zone are discouraging companies from long-term investments.