Home > Economics, Things that keep me awake at night > The sovereign debt-tritus, waiting to decompose all over your balance sheet

The sovereign debt-tritus, waiting to decompose all over your balance sheet

I’m not really one for horror – so I got an almighty fright when I took a look at a chart from the BIS via the New York Times website, which showed the exposure of the financial institutions of various European countries to each other’s sovereign debt. Are you sitting down? Here we go:


So, we know that British, French, German and Portuguese financial institutions are all especially exposed to a credit event on Greek debt. However, who is exposed to those financial institutions? And who is exposed to those who are exposed?

Nobody knows the answer to those questions. And that, I think you’ll find, goes a long way towards explaining why markets panic – and why all kinds of unexpected correlations start going to 1.

  1. December 25, 2012 at 2:26 am

    Authorities were alerted for your accident by several 911 callers, Argumaniz said. When police arrived, they found Price-Brent pulling Brown from his 2007 Mercedes, which had caught fire.Brown, 25, was unresponsive and was transported for your local hospital, where he was pronounced dead, Argumaniz said.It was not known where men were coming from or where they were going, but Argumaniz said officers suspected alcohol may have been a factor within the crash and asked Price-Brent to perform field sobriety tests.Dependant upon the results of your respective tests, with the officer’s observations and conversations with Price-Brent, he was arrested for driving while intoxicated, Argumaniz said.

  2. February 23, 2013 at 1:44 pm

    There are some attention-grabbing closing dates on this article however I don’t know if I see all of them heart to heart. There is some validity however I’ll take hold opinion until I look into it further. Good article , thanks and we wish extra! Added to FeedBurner as properly

  1. January 25, 2015 at 7:24 pm

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