A BBC report presents in a beautiful set of graphs how interconnected the global economy is and who owes what to whom and also who is in trouble most? For more click here
GREECE, GDP: €0.2 tn Foreign debt: €0.4 tn, €38,073 Foreign debt per person, 252% Foreign debt to GDP, 166% Govt debt to GDP
ITALY, GDP: €1.2 tn Foreign debt: €2 tn, €32,875 Foreign debt per person, 163% Foreign debt to GDP, 121% Govt debt to GDP
Italy has a large amount of debt, but it is a relatively wealthy country compared with Greece and Portugal. However, doubt about Italy’s leadership and fears that its debt load could grow more quickly than the Italian economy’s capacity to support it have left the markets jittery. France is most exposed to Italian debt.
FRANCE, GDP: €1.8 tn Foreign debt: €4.2 tn, €66,508 Foreign debt per person, 235% Foreign debt to GDP, 87% Govt debt to GDP