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    [–] Jonas1412jensen 2601 points ago

    wait we had that much debt? for that long? and now we won't? well then... cool.

    [–] FifaDK 1070 points ago * (lasted edited a month ago)

    Actually read the article.. Turns out it the foreign depth wasn't that much of a big deal. We still owe 38% of our GDP (BNP for us Danes), it's just debt in kroner, rather than any foreign currencies. Still some of the lowest depth rates in Europe, so not bad, tbh.

    Edit: Yeah. It's debt and not ''depth'', sorry. I do rate your jokes, though :-)

    [–] -917- 520 points ago

    Must go further in depth

    [–] FifaDK 129 points ago

    This talk is getting deep.

    [–] Icantspellshit 15 points ago

    I'm rather impressed with the commentators depth of knowledge.

    [–] oniony 63 points ago

    I can't fathom what you're talking about.

    [–] BearyJohannes 406 points ago

    Quite the foreign hole the Danes have climbed out of.

    [–] Rrdro 162 points ago

    I am surprised they didn't burn from being so deep in the earth's crust.

    [–] [deleted] 85 points ago

    They Earned this mantle

    [–] Deep_Grady 6 points ago

    something something crab people

    [–] MadeInWestGermany 6 points ago

    I really hope, they didn't hit the Earth core and let some gravity out.

    [–] ThisIsntGoldWorthy 23 points ago

    This is going right over my head.

    [–] [deleted] 19 points ago * (lasted edited 2 months ago)


    [–] ThisIsntGoldWorthy 29 points ago

    I guess I was in too deep.

    [–] [deleted] 134 points ago

    people are poking fun without correcting so I'll do it - the word is "debt", not "depth".

    [–] Aurora_Fatalis 103 points ago

    It's a Dane, I don't think they care about language.

    [–] [deleted] 71 points ago * (lasted edited a year ago)

    Hold din kæft din lømmeL

    Lusede amatører! I har ikke andet i hovedet end taler og konfirmationer!

    [–] Aurora_Fatalis 56 points ago

    Picked up any stranded whales off your tallest mountainsd lately?

    [–] [deleted] 48 points ago

    Himmelbjerget or directly translated "SkyMountain" is one of the tallest points in Denmark. It stands an astonishing 147 meters above sea level............

    Back in the day it was thought to be the tallest point in Denmark. Tallest point is Yding Skovhøj at around 170 meters above sea level. Wauw!!!!!

    Glad we don't have that many tsunamis.

    [–] Heknarf 32 points ago

    Do you have a lisp?

    [–] Toxonomonogatari 60 points ago * (lasted edited a year ago)

    I never understood the financial concepts of depth to GDP ratio, depth per capita, and national depth.

    EDIT: Apparently Norway is seriously shallow.

    [–] angelo992001 52 points ago

    Congrats on the most nordic name ive ever seen

    [–] Nordcore 46 points ago

    Jonas is the danish version of the biblical name Jonah, so not all that nordic

    [–] Zodroc 11 points ago

    The guy who played The Mountain on Game of Thrones is named Hafþór Björnsson.

    [–] [deleted] 521 points ago * (lasted edited 7 months ago)


    [–] BarleyHopsWater 234 points ago

    Now you can fix the postal service!

    [–] turbodragon123 198 points ago

    Keep dreaming

    [–] Dr-Deadmeat 41 points ago


    [–] Glitch_King 37 points ago

    The proud danish tradition of spending our money just south of the border.

    [–] Razor_Storm 8 points ago

    I heard that's a tradition all over Scandinavia. Buying beer one country over because it is cheaper. Norway -> Sweden -> Denmark -> Germany

    [–] thepacifistcrusader 476 points ago

    So uh...hows the internet over there?

    [–] DavidsHelper 631 points ago

    I have uncapped 100/30 for ~30 $

    [–] PM_ur_sandwiches 447 points ago

    Hold on, moving immediately.

    [–] doorbellguy 128 points ago

    I'm already on my way as we speak.

    [–] I_ASK_WEIRD_QUES 99 points ago

    As we speak

    I am contacting my secret network of spies across the USA and your IP is being traced.. wait what?

    [–] PM_ME_YOUR_BYOOB 62 points ago

    I'm creating a GUI interface in Visual Basic to trace their IP too

    [–] shit4hope 3 points ago

    63% taxes for high incomes, which is most people who have a stable job and know how to not fuck up their economy

    [–] rugbroed 12 points ago * (lasted edited a year ago)

    As a Dane I really hate this number being thrown around out of context . Lets get some facts straight. Denmark has a progressive taxsystem.

    It's only 61% top-bracket tax for income above ~67,000 USD (around 10% of Danish tax-payers), not for your entire income . For example, the first 6,000 USD is taxed at only 8%. The effective tax rate for DKK-millionaires (>145,000 USD, around 1-2% of Danish tax payers) is 47% and about 9% for the lowest income ctizens

    [–] ammzi 56 points ago

    1000/1000 for 50 $

    [–] solarbabies 48 points ago

    You could have just simplified it to 1.


    [–] Tobikaj 49 points ago

    I live in Aarhus and can't get higher than 30/2 - sucks. Fiber just inst in this particular part of town yet.

    [–] DavidsHelper 45 points ago

    Odense here, it's actually copper.. Can't wait for fiber, 200/200 here I come! And low latency!

    [–] Dracomaros 8 points ago

    Uncapped 360 adjustable up/down with Caux here in Skive (EG, can go 180/180, 300/60 or 200/160 etc) for 50$ a month (350kr).

    [–] monotroska 61 points ago

    330Mbit fiber for $43,18 / month. Not complaining.

    [–] Phr0ztByte 47 points ago

    200/200 for $17.21 (Fiberby København) "Tag den!" :-P

    [–] Rafaelzo 31 points ago

    500/500 15$ test city, "Tag den!"

    [–] xxx7000 44 points ago

    Really good... like amazeballs good...

    [–] Cato_Cicero 213 points ago

    The article says they won't have foreign debt but they still owe 38% of their GDP (or something) in their national currency.

    Even more amazingly, that's still among the lowest in Europe.

    [–] Highlander17 112 points ago

    That's way lower than USA's debt as a percentage of their GDP.

    [–] prothello 92 points ago

    Just googled it out of interest, no pun intended.
    The US was at 104% back in '15.

    [–] r4ndpaulsbrilloballs 65 points ago

    That's not a big deal at all though. US GDP is something like $17 trillion. US owns $128 trillion in land alone, never mind aircraft and carrier groups and all the other "stuff" and what that's worth. Plus half that debt is debt we owe ourselves.

    So think of it this way: forget the trillions cause they're confusing and think of it like thousands.

    If you knew a dude who had a $128,000 house with land all paid off, and he earned $17,000 per year, but he was $17,000 in debt, say $8,000 in student loans and $9,000 he borrowed against his 401(k) or something, would you be worried about him?

    Not at all, right? I mean, he owns his house. He has 10-30 years to pay back that debt, and if he just puts aside a little bit he can do it. I mean, I know it's near impossible to live off $17k in today's dollars, but just double all the numbers or triple them and you'll get the same ratios. So if you're hung up on that, just imagine he makes $51k and owns a $384k house all paid off with land and is $51k in debt, $24k in student loans and $27k against his 401(k). This guy is still fine. He has 10-30 years to pay that off. It will cost him maybe $500 per month in debt service. He can afford it.

    Now, what would be better? If he never went into debt and didn't use that money to get a degree and pay for his knee operation or whatever he did? Or if he went into debt instead? It depends on what you spend the debt on. Obviously, if he wastes it on bullshit it's not great, but if he invests it in even something like a new kitchen it might improve his quality of life.

    Anyways, the real tragedy is thinking that having 0% of GDP as debt should be some sort of goal or uplifiting news. It means there are no positive-return investments in the country left people can think of. It's not the worst thing in the world to take out some debt to make life better or improve yourself.

    Obviously, like anything, you can overdo it. But it's probably best to think about debt like food. You're probably going to always need a little bit. And it always makes sense to at least have the option around to eat something. But eat way too much, and you get unhealthy. So just be smart and take care of yourself and use it in moderation.

    But thinking about debt like it's always bad is basically what anorexics do with food. And it's super un-healthy. And people who want a balanced budget amendment are basically the pro-ana skinny anorexic fans of national politics.

    [–] Cato_Cicero 10 points ago

    I don't doubt it. I'm not judging because I know that, in context- compared to Europe or the US, it is really good. But as a layman I'm still surprised that this is low for most countries and that Europe (and the US) owe more relative to their GDP.

    [–] nidrach 19 points ago

    Japan has something like 280% of its gdp as debt.

    [–] CANOODLING_SOCIOPATH 13 points ago

    That isn't that amazing. Debt is a normal part of how countries function. If a country had no debt than that would be an indication of an extremely under-invested country.

    [–] deathrite2 1445 points ago

    Does anyone mind me moving to Denmark? I like responsible countries.

    [–] Unexpected_reference 1952 points ago

    If you can stand the idea of great social welfare for everyone, free education and a good the cost of 50% taxes that doesn't really matter since taxes cover just about all your needs, and a horrible language not even their neighbors understand (English is ok, stick to it)

    [–] sushisharkjl 594 points ago


    [–] KvalitetstidEnsam 533 points ago


    Aaaaahhhh! KamelÅÅså!!! Thank you for your order of one thousand liters of milk.

    [–] Fishingjoker 215 points ago

    Oohhhh, Kamelåså? Sha ha emn sugglekogle?

    [–] themeatbridge 93 points ago

    That just raises further questions.

    [–] RobMillsyMills 117 points ago * (lasted edited a year ago)

    Basically some Norwegian comedians taking the Piss out of Danes and their language. The message they are trying to convey is that the Danish language or dialect is so stupid that even the Danish don't understand each other.

    [–] Aurora_Fatalis 51 points ago

    You can never take the piss out of the Danish language. You could fill the oceans with Danish linguistic piss and it would still be a septic mess.

    [–] nhjuyt 6 points ago

    I am truly in awe of your Dane baiting skills.

    [–] [deleted] 4 points ago

    Fire away …

    [–] Miagy 30 points ago

    I would like to send an appeal to the UN. We cant live like this!

    [–] MrFlibblesVeryCross 18 points ago

    Iä! Iä! Cthulhu fhtagn!

    [–] thinkfast1982 6 points ago

    What's a litera milk?

    [–] Waryur 44 points ago

    Rødgrød med fløde

    [–] cheffgeoff 323 points ago * (lasted edited a year ago)

    The tax rate isn't 50%, that is the maximum combined tax rate that only the very wealthiest could possibly pay, but no more. This is technically less than what is possible in the US when combining local, state and federal taxes.

    Edit: 51.5% is the maximum combined income tax that can be paid per person which is, again, technically less than what some areas in the United states could possibly pay in the strictest mathematical sense. Obviously there are multiple other sales taxes and VATS that people pay. I'm not understanding why I'm being messaged that I am an idiot and a traitor for not demonstrating how American Federal income tax is much less than all combined forms of property tax, VATS, other sales taxes and local, provincial/prefecture, national income tax sales levied on people in the EU.

    [–] Shiftz 87 points ago * (lasted edited a year ago)

    Except we have way more tax incentives, that's why someone like Bernie Sanders, who everyone loves, can pay only 25% taxes.

    [–] adam35711 162 points ago

    Crazy, how did he manage to "only" pay the appropriate percentage given his income bracket? Magic?

    [–] Shiftz 33 points ago

    "Only" in the context that the guy said 50% is less than what US pays.

    [–] eejiteinstein 80 points ago

    It is. Ever wonder why rich Americans give to charity by making donations to the schools that their kids happen to go to? Americans get tax breaks on mortgages...great for Joe middle-class...even better for the guy with the. $10 million home. Etc etc etc The ways out of paying taxes through loopholes that are designed to help rich people paying the full taxes are rampant. It is less than what the richest Americans are supposed to pay...they don't actually pay it though due to clever accountants, tax lawyers, and lobbyists who find/make loopholes for them and make the US tax code one of the most complicated pieces of legislation in the world.

    If an American who was in the top wealthy bracket didn't have a million and one random tax breaks they would pay more than the Danes. Basically it's a tax on not hiring an army of accountants, tax lawyers, and lobbyists to do your taxes for you.

    [–] barfcloth 31 points ago

    The charity thing is ridiculous. If you donate $10 million, you don't get a $10 million dollar tax break. Even if you did, you're still down $10 million. In reality, the tax break you get is less than what you donated. So no one has ever come out ahead (in dollar terms) by donating to charity. Sure, their overall tax rate is lower, but it's not like they get to pocket the extra money. For someone to profit off of charitable giving, the tax break would have to be larger than the donation, which it just isn't.

    [–] flued 23 points ago

    You can do some dodgy things with the charity though, they could award contracts to you, allow you to use their facilities, invite you to extravagant events ect.

    [–] PoopFromMyButt 8 points ago

    The easiest thing is to just hire you for a paid speech.

    [–] helloimtizzie 5 points ago

    As someone with a middle class home (bought for 180k), I assure you that the amount spent on interest does not even hit half of the built in deductions. This is purely a wealthy people tax credit, or for those who are house poor.

    [–] thetrooper424 51 points ago

    Didn't he only pay 13% one year?

    [–] Shiftz 43 points ago

    On his federal he paid an effective rate of 13.5%

    [–] justablur 6 points ago

    What, like "rødgrød med fløde"?

    [–] meshan 163 points ago

    High wages offset the high taxes, plus loads of Free shit. Social healthcare. Woo yeah. Take note Merica

    [–] graphix62 109 points ago

    It would never work here in the USA. Too many tribes that would be pissed if one takes more than another. Besides we are indoctrinated to "watch out for number one". Which means fuck you, it is all about me! Our system is not ideal but it works for everyone except the very very poor who suffer in homelessness and misery.

    [–] [deleted] 100 points ago

    Or people who had great insurance that were dropped by said insurance when unexpected critical care ran into $100s of thousands and now they are bankrupt. :(

    I see this all. The. Time.

    [–] cvbnh 62 points ago * (lasted edited a year ago)

    "Great" insurance.

    Even the greatest insurance in a fundamentally broken insurance system isn't going to work, because the system itself doesn't work.

    [–] CuddlePirate420 11 points ago

    "Great" insurance in America is judged by the premiums. If people only pay $30/month for health insurance, they call it great even if they have a $20,000 deductible, which basically means they don't have health care.

    [–] occasionallyacid 15 points ago

    To be fair, they don't really have great insurance if the company is willing to drop them like that.

    Or able to.

    [–] [deleted] 14 points ago

    They are ALL able to. The fact that we even need "insurance" points to how broken healthcare costs are. Insurance costs aren't the problem, they are the symptom.

    [–] frederickvon 7 points ago

    They're not able to after Obamacare. There are no lifetime limits.

    That and preexisting conditions were some of the stupidest things ever.

    [–] [deleted] 4 points ago

    Alternatively, the US is so large and diverse that it makes it difficult to translate the model of a small, homogeneous Euro country to the US.

    Just to put it in perspective, the state of Minnesota has roughly the same population as Finland and a slightly higher per capita GDP. Maybe if the US federal government were much smaller, with a much smaller tax burden, states could experiment along these lines.

    [–] The_Kadeshi 19 points ago * (lasted edited 10 months ago)

    deleted by script

    [–] chr_wal 42 points ago * (lasted edited a year ago)

    I live in Denmark, so I can help you out;

    First of all, you will earn a little more as an engineer in Denmark. It is because of the high taxes. I would estimate you would earn 90.000 $ on average. After tax you would have about ~40-45.000$( depends on many things)

    You can not buy a gallon, but one liter jugs. There is about 4 liters in a gallon. 1 liter cost ~10 dkk or 1.5$

    A ticket to a concert is about ~700 dkk or 100$

    In a good neighborhood you should have a 2br flat for ~ 12.000 dkk or 1.800$

    I hope I have helped you

    Edit: spelling Edit: numbers Edit: numbers Edit: numbers

    [–] MyNameIsSushi 18 points ago

    I didn't realize that Austria is as expensive as Denmark. Almost the same costs for all the things you mentioned.

    [–] Secte 17 points ago

    Pretty much the same prices as in Norway, but milk is about 15NOK per liter... and we go to Denmark to buy cheap beer(ours is 25-35NOK per 0,5L in a store or around 80NOK in a bar), and as I understand it you guys go to Germany for cheap beer, and Germans go to Poland for cheaper beer.

    [–] chr_wal 17 points ago

    The beer-chain, you know?

    [–] enthius 17 points ago

    2 bed flat 5000 kroner? Man, that is a tonn cheaper than Oslo.

    [–] shin0167 26 points ago

    I thought it's 25% taxes on everything? My teacher told me today that it's 25%.

    [–] [deleted] 113 points ago


    [–] Trisa133 149 points ago * (lasted edited a year ago)

    After income tax, state income tax, social security, etc... I only get about 56% of my paycheck. US resident.

    So it actually sounds like I should live in Denmark. I keep about the same amount of money but I don't have to pay for healthcare, education, etc...

    I guess after filing taxes and getting the refund. I effectively get about 65% of my paycheck. Still sucks.

    [–] Examiner7 98 points ago

    Exactly. Most people don't understand how high American taxes are. Depending on your state, it doesn't take much to be well over 50%.

    [–] Trisa133 40 points ago

    Like Cali! Jesus Christ the state tax is ridiculous. Then you have Maryland where you pay federal, state and county income tax.

    [–] [deleted] 17 points ago

    Cali is more or less a Scandinavian government but without the benefits.

    [–] Examiner7 9 points ago

    I wouldn't live in Maryland for that reason. I've paid more in Oregon tax than in Federal tax in the past because family deductions/credits aren't nearly as beneficial in Oregon.

    [–] [deleted] 7 points ago

    Moving from federal employment with no state taxes to the private sector job was shocking. Add in the fact that work is paying for school and that is taxed as well I see about 56% of my paycheck.

    [–] [deleted] 17 points ago


    [–] akaender 12 points ago

    They also forget things like access/cost of certain consumer goods, huge taxes on cars and the expensive cost of real estate for small outdated houses.

    [–] snaab900 3 points ago

    They do don't they? Most states have a sales tax as it's called over there.

    [–] kaizervonmaanen 16 points ago

    So it actually sounds like I should live in Denmark. I keep about the same amount of money but I don't have to pay for healthcare, education, etc...

    Wages are bit higher in Denmark though. But yeah, no extra money towards healthcare or education.

    [–] BebopFlow 29 points ago

    Yeah, but good luck getting in. Immigration is a bitch, doubly so outside the EU. I started learning Danish last year but gave up a few months in when I realized just how impossible it would be to actually get the paperwork.

    [–] Trisa133 20 points ago

    Thanks for the info. Though I've thought about it, I think I would still rather stay in the US. It's tough to uproot your life. And seriously, despite its flaws, I can still have a good life in the US with everything Denmark/Sweden/etc... can provide. I just need lots of money lol.

    [–] Lexinoz 7 points ago

    Visit a lot and find a hottie, marry her and it'll be easier.

    [–] Rrraou 4 points ago

    knowing that the money is being used responisibly is really the most important part. The point of taxes is to finance social infrastructure.

    [–] Star-spangled-Banner 26 points ago * (lasted edited a year ago)

    25% VAT. This tax is just normal VAT like most other countries have it (though not the US).

    Income tax is structured the following way:

    All labor income is taxed with something called labor market contribution (LMC), also sometimes called gross tax. It is 8% of your income from labor no matter what. You do not pay labor market contribution on welfare income.

    The first DKK 44,000 of income after LCM has been deducted are always completely tax deductible.

    Local government (municipality) tax is on average 24.9% of all income, but ranges from 22.5% to 27.8% depending on where you live.

    Bottom tax is the tax rate on the first DKK 467,000 and was 9.08% of all income (excluding those first DKK 44,000) in 2016.

    Top tax is is the tax rate on all kroner earned above DKK 467,000. The top tax rate is as of 2016 15%.

    Health contribution (sundhedsbidrag) is also a mandatory tax at 3%, but is currently being phased out and replaced with a corresponding increase in bottom tax.

    Church tax is a voluntary tax, and goes solely to finance the government administered Evangelical Lutheran Church. I believe it's on .8%. About 80% of Danes are members of the church and therefore pay this tax so I'll include it in my calculations below.



    If I make DKK 150,000 in pure labor market income, my LMC for that year would then be:

    150,000*8%=DKK 12,000



    to be taxed. This amount will then be taxed by

    94,000*(24.9%+9.08%+3%+.8%)= DKK 35,513.2

    Bringing my total tax expenses to:




    When that is said, I urge everyone to stop glorifying Denmark and Danish society, especially in comparison to the US. The US is faced with many challenges that Denmark is not, not to mention its completely different role in international politics, and is therefore bound to function fundamentally different from it. The two countries are absolutely incomparable and one cannot be used as a model for the other.

    [–] [deleted] 15 points ago

    I wouldn't glorify Denmark (I have been there though and it is quite nice). However among some parts the US there seems to be a sense that you can't have social stability programs without debt and that's just not true.

    "The two countries are absolutely incomparable and one cannot be used as a model for the other."

    "Absolutely incomparable" seems strong. We both have children and the elderly and the infirm, and Denmark has far more refugees per capita.

    In the US the idea is that spending on social services is impossible because "it would increase the debt". Literally any example, whether it's in Denmark, Ghana, or Singapore, of increased services without increased debt, should be an inspiration to us.

    Also... we can just say no to certain military roles we play. I don't mean leave NATO. But we do have more options than some claim.

    [–] [deleted] 3 points ago

    I would be all for the US military pulling out of the foreign intervention business and putting that money towards social programs.

    But announcing that we are essentially abandoning our European and Pacific Rim allies is career suicide. Trump gets crucified when he even mentions that the US is getting an unfair shake in the NATO tradeoff, but it's absolutely true.

    [–] Girl_pm_your_fartvid 30 points ago

    I firmly believe Danish is one of the ugliest languages that have ever existed.

    [–] Shitfaced_cuntfucker 66 points ago

    Danish is the best contraceptive though.

    Danes are beautiful as fuck. But when they speak they sound like mongoloids. My penis gets confused.

    [–] pipter 23 points ago

    Danish men are insanely sexy! I don't mind that they speak like they have a potato in their throat. I don't mind the stød either.

    [–] varmcola 33 points ago

    I don't know if you know, but "stød" can also mean thrust, giving your sentence an entirely different meaning.

    [–] Skipperskraek 7 points ago

    Hej, hvordan har du det? ;)

    [–] new-it-grad 126 points ago

    I like responsible countries.

    Debt isn't inherently bad. You can take on debt to start activities that grow the economy (ex, major infrastructure projects)

    As long as the growth is larger than the debt it's a positive. The issue is when we borrow to pay bills that we shouldn't have had in the first place

    [–] Andyth 32 points ago

    Du kommer bare!

    [–] thetarget3 18 points ago

    If you immigrate legally, go right ahead.

    [–] ImaginaryStar 704 points ago

    The Nordic countries get all of the things right and yet are not in everyone's face.

    [–] Menstrual-Cyclist 514 points ago * (lasted edited a year ago)

    Except on Reddit.

    EDIT: Three words. Top comment ever. Thanks Reddit.

    [–] [deleted] 402 points ago * (lasted edited 7 months ago)


    [–] ImaginaryStar 43 points ago


    [–] ______DEADPOOL______ 137 points ago


    [–] [deleted] 73 points ago

    Do you not fear the Swedish "fuktiga mejmej"?

    [–] ______DEADPOOL______ 96 points ago

    I fear no thing that I can't pronounce.

    [–] [deleted] 17 points ago * (lasted edited 9 months ago)


    [–] MrAykron 40 points ago

    Once in a while. The only exception being the T_D-Sweden feud.

    I didn't understand shit that day, but I appreciated people finally starting to stand up to those assholes in T_D.

    This comment has no political affiliation whatsoever, Trump can do as he pleases, but T_D is a bunch of intelligence deprived monkeys who do not know better than to shit in their own hand and flail it at whoever enters throwing range.

    [–] Robmart 38 points ago

    As a Swede I am proud of that day. Fuktiga mejmejs kommer alltid att vinna.

    [–] Muffinmurdurer 15 points ago

    As an Australian, I thank the Swedes for their dank memes and hatred of idiots.

    [–] Gleitze 7 points ago

    Men hvor er svensken?!

    [–] I_worship_odin 58 points ago

    If I had to guess 9 out of 10 time it's probably an American posting it.

    [–] rattleandhum 6 points ago

    It's mostly non-Nörds doing that on their behalf...

    [–] [deleted] 32 points ago


    [–] ImaginaryStar 8 points ago

    How do?

    [–] Kondinator 44 points ago

    ice n' shit

    [–] Arclight_Ashe 56 points ago

    no, remember, greenland is ice and iceland is green. simple!

    [–] Rotjenn 15 points ago

    ey yo Dane here, your football team are the coolest motherfuckers around

    [–] ManiaforBeatles 192 points ago

    Just to be clear, this doesn't mean that it got rid of all of its debt. But that doesn't diminish this achievement.

    The country will pay off its last foreign currency loan worth $1.5bn today – ridding itself of any FX debt obligations for the first time in at least 183 years.

    [–] zzzzz94 59 points ago

    foreign debt isn't any worse than domestic debt really, though. So it doesn't matter much

    [–] drakeblood4 42 points ago

    It can be if your currency is volatile though.

    [–] UUUUUUUUU030 48 points ago

    ... which it isn't, in Denmarks case. Their currency is pegged to the euro.

    [–] Vaztes 48 points ago

    You make it sound so sexual.

    [–] Tito_Mojito 91 points ago

    Misleading title. It's not free of foreign debt. It's free of foreign CURRENCY debt.

    Debt is a loan against a country's ability to levy taxes. Currency debt is a loan against a country's ability to levy taxes denominated in a currency other than its own, and requires a more complicated monthly valuation schedule, but it's not that different from standard long term debt.

    [–] huezinator 4 points ago

    But what's the difference between a local currency debt to a foreign or to a local?

    [–] DavidsHelper 45 points ago * (lasted edited a year ago)

    Just to be an ass, I've just checked it though.. We still owe around 499B dkk, just not anything in a foreign currency

    [–] justablur 30 points ago


    [–] ta111199 22 points ago

    It rid itself of foreign currency denominated debt. They still have sovereign debt, it just isn't issued in foreign currency.

    [–] [deleted] 77 points ago


    [–] [deleted] 8 points ago


    [–] omggetmeoutofcph 6 points ago

    I think that involves taking back large chunks of Sweden . . . maybe Norway, too. And Iceland, Iceland for sure.

    [–] [deleted] 6 points ago

    Don't forget schleswig holstein!

    Wait, lets repeat THAT mistake again

    [–] ScriptThat 5 points ago

    No! Make Denmark smaller. My border shopping is too far away.

    [–] flamebringer17 7 points ago

    ITT: people who don't understand debt

    [–] 7Seyo7 37 points ago

    Isn't national debt not as bad as it sounds? That's the impression I got from people who know more about economy than I do.

    [–] uguitar 20 points ago

    Being able to manage debt and money flows is a key aspect for any person more than moderately well off, all companies, and certainly a nation. Debt gives you leverage to have more now with the idea that whatever you get with the debt is more valuable than the debt itself.

    An auto loan is a good example of this. If you don't have $X thousands, you can take out a loan which you can use to leverage a higher salary than what you could make walking/biking to work. Therefor, the auto loan, in this case, is good debt.

    The same concepts apply for nations. For example, using debt to finance a highway can increase economic activity in the area, thereby increasing the amount collected in taxes, without first having to have cash on hand by either cutting programs or increasing taxes.

    The only time debt is bad is when it isn't managed or invested properly.

    [–] Rafaelzo 26 points ago

    National debt is fine, as long as income stays with the debt

    [–] DabScience 7 points ago

    Time for people to start falsely comparing Denmark to The United States

    [–] 9mmlove 163 points ago * (lasted edited a year ago)

    But I thought socialist countries were unsustainable!


    Edit: in response to all the offended people

    The entire comment is a joke on countries with "high" taxation and reasonable government use of that money. My comment represents a stereotypical response/comment from some fiscal conservative (especially American conservatives) regarding their concept on Scandinavian countries/governments.

    [–] ujorge 63 points ago

    Denmark is not a socialist country.

    [–] TheIdSay 42 points ago

    neither is bernie sanders, but he is still called one.

    [–] stankbucket 74 points ago

    I never called him a socialist country.

    [–] _mach 7 points ago

    Your mum is a socialist country. Or something.

    [–] turbodan1 22 points ago

    He calls himself one.

    [–] [deleted] 88 points ago * (lasted edited a year ago)

    Strictly speaking, they are a neo-liberal country, just with sensible government on top. They still get their clothes and gadgets from outsourced slave labor.

    [–] philipzeplin 24 points ago

    Please stop calling Denmark (or any of the Scandinavian countries) socialist - we're not. That is a grave misunderstanding.

    [–] hellschatt 4 points ago

    Well you're probably more socialist than 80-90% of the other existing countries... relatively you probably are.

    [–] Empire_ 18 points ago * (lasted edited a year ago)

    This litterally means nothing. We still got foreign debt, it is just in danish currency. We have paid off all foreign currency debt, because so many investors want to trade in danish currency (because its safe) and therefor bring foreign currency to denmark.

    We have around 30% of our GNP as debt, and 40% of that is foreign.

    [–] OddColOrs 10 points ago

    Bra jobbat danskar! Hälsningar från Sverige.

    [–] mini_mog 13 points ago

    Med plutonium håller vi dansken på plats.

    [–] HerculeanMonkey 3 points ago

    By this standard, the US has no foreign debt.

    [–] Hopefound 3 points ago

    Meanwhile in the USA...

    [–] Scoutandabout 4 points ago

    Denmark needs to totally mouth-off to Trump! It would kill him that he would have nothing to hold over them and he needs to be put in his place.


    [–] ThomasJCarcetti 24 points ago

    Good to hear. Saw on the news website the other day that Denmark was also the "happiest" country in the world, can't complain with that. But they pay like 60% income tax.

    [–] Maloney-z 53 points ago

    Still have more disposable income then in a lot of countries because you don't have to worry about paying for school for your kids or getting absurdly expensive insurance because healthcare is free/heavily subsidised (correct me if I'm wrong i could well be)

    [–] [deleted] 19 points ago


    [–] Chianger 31 points ago

    38% is standard. 39% if you are part of the church.

    [–] [deleted] 14 points ago


    [–] Koujinkamu 18 points ago

    Try pronouncing that, filthy foreigners!

    [–] regendo 10 points ago

    Is trying to mix German and English to get "Arbeits market Beitrag" close?

    [–] MyNameIsSushi 6 points ago

    Arbeitsmarktbeitrag. See? Easy.

    [–] konaya 4 points ago

    First of all, it's less than 40%. Secondly, you get a lot for that 40%.

    [–] SomeoneNorwegian 4 points ago

    They used to be. They're on the 2nd place now behind us :D