Posts Tagged euro crisis

An Overview of the Euro Crisis – Interactive Graphic –

The New York Times has created an interactive chart that lets you find out which nation’s banks owe what to other nations. You can see how all roads lead to France. Greece owes more to French banks that any other nation. So does Spain. So does Italy. This is why Sarkozy is desperate to get Germany to bail out everyone. If Italy goes down, France goes down.

Japan is listed. Which banks does it owe? Only France: $8 billion. Japan is the creditor nation. Its biggest debtor is the USA.

via Which Governments Owe How Much to Foreign Banks? | The Tea Party Economist


It’s All Connected: An Overview of the Euro Crisis

European leaders are dealing with growing debt problems that are rattling investors worldwide. Here is a visual guide to the crisis.

via An Overview of the Euro Crisis – Interactive Graphic – Move your mouse over the country’s name to see how much it owes to whom.

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Eddie Hobbs – TV3 – The Euro Collapse

Here’re the key points, in case you have trouble with that lovely Irish lilt.

  1. “At the moment, economics is being run by politicians”. Since when hasn’t it?
  2. “a global financial event which will dwarf what happened after Lehman Brothers”
  3. “If Italy fails, we’re looking at economic Krakatoa”.
  4. “What is shows us is that the the whole Keynesian model … has been an utter failure.”

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Austrian economist Huerta de Soto explains the real causes of the financial crisis

An hour’s talk, with no notes. Informative and stimulating. I wish I could talk like this (including the Spanish accent! I’m a sucker for non-English accents).

Update:  The speech was given on March 1st, in Belgium, at the conference ‘The Phantom of Hyperinflation’.  Tuur Demeester, the translator of de Soto’s book  ‘Money, Bank, Credit and Economic Cycles’ has split up the speech into convenient segments according to subject on his homepage here.

I can’t embed the YouTube video here, unfortunately, but you can see it on YouTube, on and on, where you can also read a summary as well as the complete transcript of the talk.

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