European Debt Once Again Front and Center

"Bloomberg details the history of the liquidity solvency problem in the European periphery:

Today’s data brought the debt crisis back to where it started. Greece last year obtained a 110 billion-euro lifeline from European governments and the International Monetary Fund. Ireland followed with a 67.5 billion-euro package and Portugal is now negotiating for 80 billion euros in aid.

A bail out for Portugal? Must mean that things are improving (i.e. the bailouts helped) Greece and Ireland... or not.

Greece’s debt ballooned to 142.8 percent of GDP, the highest in the euro’s 12-year history, the EU figures showed. Ireland’s debt surged the most, by 30.6 percentage points to 96.2 percent of GDP..."

at http://econompicdata.blogspot.com/2011/04/european-debt-once-again-front-and.html