When over-indebtedness accelerates it becomes a sign of overconfidence, and, in the latter stages, euphoria.

CNN: ?>?magazine

The financial markets rallied on these events, but we remain cautious on Europe since no firm solution to the over-indebtedness problem has been put forward.

FORBES: Don't Become Comfortably Numb To Stock Market Risks After Large Rally

Now he thinks there is an increasing risk the stock market will fall sharply, and that industrialized economies will continue to face serious constraints, like high unemployment and over-indebtedness.

FORBES

There are policies all over Europe that protect people from over-indebtedness, that regulate credit cards and make it very difficult for people with bad credit to get things like this that allows them to go over their heads and become over-indebted.

NPR: All I Want For Christmas: Less Debt?

What is striking is that there has been modest reductions in the indebtedness of British households and non-financial companies over the past three years, to 98% and 109% of GDP respectively - which are still high levels of leverage or high debt ratios by historic standards.

BBC: US ahead of UK on road to reducing debts