Greek & Spanish Debt | Who stands to lose with restructuring?

Submitted by michael_warner on Fri, 05/28/2010 - 14:57

A view of Greek/Spanish debt

You can see more here in this gallery and presentation

 

Here we drill down for a look at specific bank exposures.

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This Comment from Casey Research:

Submitted by michael_warner on Fri, 05/28/2010 - 16:17.

Greek and Spanish Debt

 

The reason governments work so hard to paper over debt crisis is that their banks have so much to lose. The diagram below shows the amount of exposure that Greece and Spain pose to the banks of different countries of the world. The wider links show the bigger obligations. The first number is the amount in millions of dollars at the end of 2009 and the second number is the % of growth from the year before. The color of the tube indicates whether the amount was growing or contracting. The total exposure is a staggering $1 trillion.