Click to enlarge this table of mutual and external debts of the PIIGS countries and see at one glance that Greece was the smallest problem so far. I found this unsourced graph on Twitpic and cannot vouch for its accuracy.
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Link:http://www.nytimes.com/interactive/2010/05/02/weekinreview/02marsh.html?ref=weekinreview.
03 May, 2010 20:48New york Times, so it MUST be true ;)
Chart is from NY Times, according to Mish's site.
03 May, 2010 20:49Troy Ounce's link above takes you to the graph. The related article of the NY Times can be found here: http://www.nytimes.com/2010/05/02/weekinreview/02schwartz.html. The two concluding paragraphs of the article are in my point of view a must-read if one attempts at grasping the weight of the crisis. Basically, what is said, is this: The crisis goes on but we do not even know how or where the next problem will evolve let alone what remedies we could apply... And it is definitely not confined to Greece or, indeed, the other European countries referred to by the (in my view pretentiously pejorative) abbreviation "PIIGS".
04 May, 2010 11:20Post a Comment