H/t reader M.G.:
“Euro nation debt exposures to Greece……Cypress, Estonia, Iceland, Finland….even Ireland’s exposure looks pretty benign. Looking more closely at the list in this article, the true danger begins to emerge……put out by another banking interest, we know it is to look as clean as possible. Four nations look to be in deep trouble.
Germany has bi-lateral debt exposure of 15.2% of Greece’s debt, EFSF exposure of 18.1%
France has bi-lateral exposure of 11.4%, with EFSF exposure of 30.9%
Italy has 10% bi-lateral exposure and 27.2% EFSF exposure.
Spain 6.7% bi-lateral exposure with 18.1 EFSF…..
Check out the article, pay close attention to the charts.
This is a volcano ready to blow its top.”
– The Greek debt: what creditors may stand to lose (Guardian, June 19, 2015)