Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I would like to have our Greek friends' point of view. I hope talos will write a diary about it.

Meanwhile, I find this graph shows the limited correlation between the level of debt and the markets' actors opinion (as seen through the CDS spread).

(click to enlarge)

Also I doubt we have a clear idea of the real level of public debt in most of the countries, especially given the components of the public debt must vary from one country to the other. I suspect it would require the kind of deconstruction/reconstruction we did for the employment figures. Does the public debt include sub-national public entities (US states, French regions...)? How is included quasi-public debt (i.e. in the USA, the huge debt of the GSE (Fannie Mae, Freddie Mac, Ginnie Mae...) ?

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char

by Melanchthon on Thu Feb 11th, 2010 at 08:27:49 AM EST

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