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Household debt is about three times disposable income, and most of it is in mortgages financed by covered bonds, a form of bank financing backed by mortgages, creating Europe’s second-largest residential covered bond market after Spain.

Photographer: Linus Hook/Bloomberg

Household debt is about three times disposable income, and most of it is in mortgages financed by covered bonds, a form of bank financing backed by mortgages, creating Europe’s second-largest residential covered bond market after Spain.
February 06, 2013
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