Crisis in Europe -Who´s fault is it? Debtor´s or creditor´s?

Discussion in 'Economics' started by mapuata, Nov 25, 2011.

  1. What are these numbers again?
     
    #21     Nov 28, 2011
  2. ==================
    Long story short, that 500B[or ''$485 billion Greece total debt'', lets say $500 Billion];
    may not really be Greece's biggest problem.BBC/Business News , November 10 article says the biggest problem is ''Greece spending spree, after it adopted the euro''

    Then the Greek socialist gov had what that article called ''widepread tax evasion...Global finance crisis hit...''

    Same article had a cool chart illustration in which French Banks/Private lending;
    are exposed about $40/+ Billion...US banks =$4+/ Billion.Those last 2 numbers are not exact, simply a chart, in that article:cool:
     
    #22     Nov 28, 2011