The European Super Highway of Debt (mind boggling graphics)

[TalkingDog]

http://demonocracy.info/infographics/eu/debt_piigs/debt_piigs.html

These info-graphics shows how much banks borrowed to Portugal, Ireland, Italy, Greece & Spain (PIIGS). Europe is in a deep crisis, and this shows how much must be repaid.

[golfguru]

1. WOW...thanks for posting

wonderful illustration of debt magnitudes.

Debt will kill ya.....unfortunately we are headed towards that disaster as well.

[mojowork_n]

2. The graphics are nicely done, but they don't mean a thing.

Look at Iceland, for instance. Even with a small population,
300,000, on a per person basis the numbers are pretty staggering.

But it's still not clear what's going to happen next, or who
is going to have to pay how much to whom. Some of the
debt that was incurred was as questionable as what Goldman
Sachs did in "helping" the Greeks. And what's been happening
lately -- vultures 'buying debt' for dirt cheap -- and expecting
to be fully repaid.... It's nothing that's clarified by pictures of
trucks full of pallets of big bills, and simple declarative statements.

[cherokeeprogressive]

3. But the Europeans are "doin' it RIGHT", ain't they? n/t

[pampango]

4. Those 5 countries (more accurately, their politicians not their people) have endangered the other 12

Eurozone countries (indeed the economy of the whole european community). It will be interesting to see how Europe emerges from this debt crisis. It could emerge as a more cohesive group with more cooperation and adherence to common goals or a much looser collection of more nationalistic and uncooperative countries.