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As I have commented elsewhere
The Bank of International Settlements published a 68-page report in which half a page is occupied by these statistics. The exposure to other OECD countries is nowhere to be found. Germany has larger aggregate debt than Spain and higher public debt-to-gdp ratio - who's exposed to that? BIS isn't telling.


By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Sun Jun 20th, 2010 at 06:44:28 PM EST
[ Parent ]
Graphu, Sensi! Graphu!

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Jun 20th, 2010 at 08:11:10 PM EST
[ Parent ]
Barroso, Zapatero and others need to bring pressure to bear on BIS to release comparable information treating France, the UK and Germany as possible defaulters and showing who is exposed to their debt.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Jun 20th, 2010 at 11:24:12 PM EST
[ Parent ]
Barroso!?

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Mon Jun 21st, 2010 at 02:24:25 AM EST
[ Parent ]
Barroso is a high ranking EU politician from Portugal. Portugal is Spain's chief foreign debtor. Both Spain and Portugal are amongst the much maligned PIGS and both have nominally socialist governments....Didn't seem outrageous.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Jun 21st, 2010 at 10:47:39 AM EST
[ Parent ]
Barroso is a member of the EPP (also known as the Enemy). He's also widely considered to be an incompetent idiot, which is why he was rewarded with a second term at the Commission. See here.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Mon Jun 21st, 2010 at 10:56:25 AM EST
[ Parent ]

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