Image: Zero Hedge Today's Larwyn's Linx sponsored by: Michele Bachmann for President
QOTD: "Italy and Spain together have just under €2.5 trillion worth of general government debt outstanding. Tradable Spanish and Italian sovereign debt alone amounts to €2.1 trillion. Adding Greece, Ireland and Portugal raises general government debt to €3.1 trillion and tradable government debt to €2.6 trillion. Adding Belgium would raise these totals to €3.5 trillion and €2.9 trillion. In the perhaps unlikely case that France would need sovereign debt insurance, targeting the stocks rather than the flows would require taking care of €5.1 trillion of gross sovereign debt or €4.3 trillion of tradable government debt.
These numbers are beyond the size of even the most optimistic estimates of the most audacious of rescue umbrellas." --Tyler Durden
"Larwyn's Linx: Obama's “Mini” Jobs Bill: a $35 Billion Union Bailout"
1 Comment -
thanks for the link.
BTW, Cincinnati arrested the Occupy protesters who stayed in Piatt park past its 10pm closing.
11:43 PM