5 ms·
The diagram, as others have said, is old, here is probably the most updated version: http://www.thepeakeffect.com/2011/09/europes-web-of-debt-update.html http:
by mikemoka 15y ago
The diagram, as others have said, is old, here is probably the most updated version:
http://www.thepeakeffect.com/2011/09/europes-web-of-debt-update.html http://www.thepeakeffect.com/2011/09/europes-web-of-debt-upd...
no mention of sources though.
- sixtofour 15y agoI believe the graphic you link comes from here: http://www.eudebtwriteoff.com/ http://www.eudebtwriteoff.com/ That is a site put up by one of the authors of a report exploring the idea that the PIIGS should write off their mutual net balance debt: if I owe you $10, and you owe me $2, then we strike the $2, and I owe you $8 while you owe me $0, reducing loss by friction. That report (pdf) is linked from the site. I found that site by searching for the filename of the image (EURBEF.png), and looking for a post or article that uses it and cites its source. This is one such post: http://www.zerohedge.com/news/european-sovereign-debt-cant-we-all-just-net-along http://www.zerohedge.com/news/european-sovereign-debt-cant-w...
- deleted 15y ago[deleted]
- mrb 15y agoThis is shocking. A simple, error-proof, accounting move with zero side effects... What are we waiting to do this?