Saturday, May 8, 2010

Europe's Debt Woes

Source: http://www.nytimes.com/2010/05/02/weekinreview/02schwartz.html?ref=business

This is an interesting illustration of Europe's web of debt. Greek's debt woes now spreading to other nations as well. Last Tuesday Standard & Poor's downgraded Spanish and Portuguese debt. It would interesting to see how the EU plan to solve this.

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