"With Europe set to open in a little over 12 hours, and with rumors of Greek
default once again flying around in their private taxpayer funded jets (only to
turn back to their point of origin shortly after
take off), we wish to remind readers that a chart is worth a thousand words.
In this case several charts, courtesy of Reuters, which has created the ultimate
in interactive
data presentations on the Euro crisis. The data aggregates exposure across
public debt, bank and non-bank private sectors, debt maturity, default risk.
Note that the charts (based on BIS
data) only include external-looking debt held on the books, and not debt
subsequently repoed back to the ECB, for which the intermediary exposure is back
to domestic banks, and the final is to Europe's taxpayers themselves.
First, the doomed periphery...
Greece:
Ireland:
Portugal:
Spain:
Italy:
and on to the core:
Austria:
Begium:
Netherlands:
and France:
And Germany:
Whose debt matures when, on an absolute basis:..."
at http://www.zerohedge.com/news/interactive-infographic-doomed-european-financial-system
First, the doomed periphery...
Greece:
Ireland:
Portugal:
Spain:
Italy:
and on to the core:
Austria:
Begium:
Netherlands:
and France:
And Germany:
Whose debt matures when, on an absolute basis:..."
at http://www.zerohedge.com/news/interactive-infographic-doomed-european-financial-system
