When the hammer comes down on Europe’s sovereign debt mess, it’s going to be a real doozy.
Check out this chart the New York Times ran which illustrates who owes who money in Europe. It’s a complete mess!
The best part is that not only do the PIIGS all owe each other a lot of money – which will never be repaid – but they owe even more to Britain, France, and Germany.
Look out below! This is a house of cards that looks like it could topple real fast.
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