Excellent graphic by the New York Times
And a great blog by JAG
He thinks that Spain could be the next Greece
Interestingly he comments that the Spanish bankruptcy will destroy the Euro and damage the economies of the French, German and the British
Expect a bigger crisis
I find this odd - If I owe you £10 and you owe me £25, then I don't owe you anything - you owe me £15. Isn't that how borrowing works?
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