It is one of the very few triple A in the European Union, but now it is creaking too. Denmark, which pays 10% to finance its 1,49-year debt, slightly more than Germany with its Bund (1,28%), and has an almost physiological unemployment rate (4,6%) and a debt/GDP ratio of 45,6 per cent, is now at risk of a negative market opinion due to the real estate bubble.
The International Monetary Fund has in fact sounded the alarm about "interest-only mortgages", while, to cite another positive figure, inflation in March stood at 1,2 per cent. Denmark, numbers in hand, is therefore a model economy: but will it be able to last after the warning from the IMF?
