Once in every decade there shall be a general settlement, when the balance due shall be paid to the creditor nation
in Mexican dollars."
Central bank governor, Lars Rohde, said, 'Denmark's role as a creditor nation
, where balance is in our favour, means that future crown crises are likely more often to result in upward pressure.'
The sources also quoted her as telling the European People's Party meeting that Germany, the biggest creditor nation
, "will not be blackmailed" by Greece.
Greece's government remains hopeful that the Eurogroup meeting will note progress on talks, although its biggest creditor nation
, Germany -- facing a eurosceptic backlash from within -- is in no mood to compromise on pension and labour market reforms.
It was the USA which was the big creditor nation
, having issued huge war loans to the World War I Allies in Europe.
Japan is the world's largest creditor nation
, generally running an annual trade surplus and having a considerable net international investment surplus.
China is also the world's largest creditor nation
, the largest importer and exporter of goods and a large consumer of primary commodities, including crude oil.
The yen, still the beneficiary of being the currency of a powerful creditor nation
with lots of money overseas, is more complicated.
Until then, China would concentrate on a conditional coexistence with the US, while benefiting from its position as the largest creditor nation
and foreign holder of US public debt.
Japan, the largest creditor nation
, is regarded as a stable, rich country.
The US is in serious economic trouble, and has gone from being the largest creditor nation
to the largest debtor in the world.