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Friday, 30 April 2010

The PIIGS are up to their eyeballs in debt

Posted on 12:19 by Unknown

To get an idea of the debt crisis faces the euro have a look at this table from here giving the debt refinancing and deficit financing requirements of the PIIGS countries for the next four years.  The required amount is close to $2 trillion and it is suggested that a full bailout could come to close to $1 trillion.

PIIGS Debt Finance

To get an idea of much money is needed to keep these countries going a picture of a trillion dollars in €100 dollar bills is below the fold.

 

 

trillion

And the PIIGS need two of these!

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  • ▼  2010 (110)
    • ►  July (7)
    • ►  June (4)
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    • ▼  April (32)
      • The PIIGS are up to their eyeballs in debt
      • The Recession is over
      • Dublin Port Traffic still rising
      • Ministerial pensions
      • 15% and climbing
      • Do defaults matter?
      • The shine is wearing off
      • Why is the music so loud?
      • Greece goes for the aid
      • The cost of free food
      • Earnings Data
      • Spot the difference - update
      • Greece on the brink
      • Two lines for a decade
      • For anyone around Limerick today
      • Here’s one who doesn’t ‘believe in us’
      • Retail Sales sub-Indices
      • Retail Sales get a Kickstart
      • Insolvencies continue to rise
      • Claims that the Recession is (almost) over!
      • The Age of the Rockstar Economist is Over
      • Support Package for Greece
      • Core Inflation continues to fall
      • Dublin Port traffic on the increase
      • Car sales continue to improve
      • Industrial Production maintains January gains
      • The same but different (for now)
      • Whose problem is it anyway?
      • The Goldenballs Dilemma
      • Exchequer balance stops getting worse but…
      • Fall in tax revenue eases slightly
      • Irish banks are hugely profitable
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