Tuesday, 4 May 2010

NYT [Europe's Web of Debt]

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

1 comment:

  1. 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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