Europe’s web of debt

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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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More on this topic (What's this?) Read more on European Union at Wikinvest
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