Skip to content

Euro crush

From the brilliant graphics team at the New York Times

~~~ “Banks and governments in these five shaky economies owe each other many billions of euros — converted here to dollars — and have even larger debts to Britain, France and Germany. Arrow widths are proportional to debt amounts.” ~~~

What is the solution? Haircuts… haircuts for the bondholders… we’ll see how long it takes to get there…

Post a Comment

Your email is never published nor shared. Required fields are marked *