Europe’s web of debt

By Prieur du Plessis, on May 4th, 2010 posted in: Economy, Europe

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The amazing diagram below comes courtesy of The New York Times and shows the many billions of euros banks and governments in the shaky PIIGS economies owe each other, as well as their even larger debts to Britain, France and Germany.

Click here or on the image for a larger graphic.

Source: The New York Times, May 1, 2010 (hat tip: Peter von Raits).

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