external debt?

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[feck]

Found this page on wiki about countries external debts:
http://en.wikipedia.org/wiki/List_of_countries_by_external_debt

and was just wondering who the creditors were?.

Basically if everyone owes money, who are the ultimate lenders?

[HL1978]

if china and japan have been buying up our debt, who is buying up theirs?

[feck]

Yes I wonder, also should you be allowed to trade another countries debt?
Surely this increases the original debt?