Thursday, May 10, 2012

German debt

Sometimes pictures can be instructive these are great for giving perspective.

Why stop at $100
or for that matter $10,000
or for that matter $1,000,000 lets go for it.
How about $100,000,000

" Germany is considered the flag-ship of European economies. Germany holds a 78.8% debt ratio to economy, above the 60% limit standard set by EU for stability ..."

That looks like this.

Then we have France

" Each story of the debt stack is $10 billion USD. The total debt of France is higher than the Eiffel Tower.
The French are among the countries attacking Greece and the piigs for their bad economic behavior, but are increasingly finding themselves in the same economic situation.
Their credit rating was downgraded from AAA to AA+ recently and hold a 83.5% (2011) debt to economy ratio, above the 60% set by EU for economic stability standard.
French banks are also among the financially weak banks
that pose a danger to the French economy."

Fun times ahead.

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