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Actually it's even worse than that: this is just gross debt.
What should matter more is the net position. And since the left nationalised (which the right never did) in 1981-83, and in general did not privatise as much, that means that the net position of the State was just plundered under right-wing governments.
They managed to accrue much, much more debt while massively selling assets than the left did while, on balance, probably buying more than they sold.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
by Cyrille (cyrillev domain yahoo.fr) on Sat Aug 23rd, 2014 at 05:19:03 PM EST
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Disclaimer: where net positions are available in a time series, they are either incomplete or not comparable between countries -- at least, as far as I've been able to find. Gross general government debt offered the best chance at looking at comparable numbers.

Which doesn't negate your point, of course.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Aug 24th, 2014 at 02:03:52 AM EST
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Well, that's the neat trick isn't it?
Promote the use of debt and don't publish anything else, then only gross debt can be used for comparisons, which has a clear austerian/privatiser bias.

When the French government around 2005 was selling assets returning 6% in order to retire debt at 2.5% or so, and claimed financial competence doing that, I wanted to scream.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Sun Aug 24th, 2014 at 03:15:36 AM EST
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