Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
The "exposures" look like "total principal value". While the market value of some greek bonds has indeed collapesed by 1/2, that's not the case for other countries. So, while you could have "halved your exposure" to Greece by changing the accounting convention from investment to trading, you can't have reduced your Spanish exposure by 1/2 other than by selling (or failing to roll over maturing) bonds.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Wed Jun 15th, 2011 at 10:09:28 AM EST
[ Parent ]

Others have rated this comment as follows:

JakeS 4

Display:

Top Diaries

Spain votes again

by Migeru - Jun 26
61 comments

Brexit: Get on with it already?

by Bernard - Jun 26
11 comments

Defeat from the Jaws of Victory

by rifek - Jun 27
12 comments

Reversing Brexit?

by Frank Schnittger - Jun 25
90 comments

Should I vote for Brexit?

by tyronen - Jun 22
38 comments

Recent Diaries

Occasional Series