Only country in West to reduce it's debt and get a higher credit rating!
Israel only country in West to reduce debt - Israel Business, Ynetnews
Debt has increased in all Western countries in recent years, and in some it has even reached more than 100% of GDP.
In the past four years, Britain's debt-to-GDP ratio has gone up by 48%, in Japan it has increased by 42%, and in the United States by 33%. The debt-to-ratio of all OECD countries has increased by 28%, in France it has gone up by 26%, in Germany 19%, in Australia 16%, and in Italy 15%.
Due to the ongoing decline in state debts, Israel is also the only country in the Western world whose credit rating has increased since 2008, when the subprime mortgage crisis broke out in the US. Meanwhile, the credit rating of the US, Britain, France, Austria, Belgium and Japan was cut due to a huge increase in debts.