eurozone debt

Πάντα Δύσμοιρος αυτός ο Ελληνικός Λαός! Το μεγαλύτερο του πρόβλημα δεν ήταν ούτε οι Τούρκοι ούτε οι Γερμανοί.. Μεταξύ τους τρωγοντουσαν.. Ποτέ δεν ήθελαν όλοι το ίδιο! Πάντα μετα απο κάθε επανάσταση υπήρχε εμφύλιος και ποτέ κανένας ηγέτης δεν ήταν κοινής αποδοχής. Αυτό ειναι το πρόβλημα αυτής της χώρας. Στα δύσκολα δεν ενώνεται. Στα δύσκολα κατασπαράζει ο ένας τον άλλον. Στα δύσκολα δεν υπάρχουν Έλληνες, ποτέ δεν υπήρχαν. Στα δύσκολα υπήρχαν δεξιοί, αριστεροί, κομμουνιστές, φασιστες, χουντικοί, βασιλικοί και πάει λέγοντας…
youtube

New vlogbrothers video! I discuss the history of Greece’s deficit and debt problems, the challenges of adopting the Euro and living with the Eurozone’s monetary policy, and the possibility of the so-called Grexit–a Greek exit from the Euro. 

bbc.co.uk
Eurozone debt web: Who owes what to whom?

Europe is struggling to find a way out of the eurozone crisis amid mounting debts, stalling growth and widespread market jitters. After Greece, Ireland, and Portugal were forced to seek bail-outs, Italy - approaching an unaffordable cost of borrowing - has been the latest focus of concern.

But, with global financial systems so interconnected, this is not just a eurozone problem and the repercussions extend beyond its borders.

While lending between nations presents little problem during boom years, when a country can no longer handle its debts, those overseas banks and financial institutions that lent it money are exposed to losses. This could not only unsettle the home country of those banks, but could, in turn, spread the troubles across the world.

So, in the tangled web of inter-country lending, who owes what to whom? Click on a country in the circle to find out what they owe to banks in other countries, as well to find out their total foreign debt, including that owed by governments, monetary authorities, banks and companies.

I’m a pretty firm supporter of the European Union, but if I were Greek right now, I’d be ready to go full Tea Party! The Eurozone is being outrageous, and it makes my American heart seethe with rebellion.

Greece should leave the Eurozone. To be the slaves of German creditors and heartless scandinavian, baltic and low country finance ministers from right wing parties is no way to live.