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Web of the PIIGS’ Debt

The New York Times had a nice info-graphic that shows the scale and interconnectedness of the European Debt problem.  What truly stands out to me is Spain.  If Portugal defaults on the $86B owed to Spain, would that cause the cascade effect for Germany and France?

As I have said, we need a very large bailout and then we can think about giving up the Eurozone.

Posted in Economics, Markets, Politics.

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