Here is some bizarre facts the amount of leverage done on the various European economies. The contagion is spreading, was watching an interview yesterday in the night of a  financial consultant from Europe, and he responded to the questions with the context of European economies :-

  • How much does Greece Owe ?
  • 367 billion $
  • Who they owe too ?
  • Mostly to the other European economies

  • How much does Ireland owe ?
  • 865 billion $
  • Who they owe too ?
  • To the other European economies mostly
  • How much does Spain & Italy owe ?
  • 1 trillion $ each
  • Who they owe too ?
  •  Manly France,Germany & Britain
  •  How is France Germany & Britain doing ?
  •  Struggling a bit
  • Why ?
  • The amount of money lend by them to other European economies.They have to bail out other European countries
  • From where they will get the money ?
  • A broke economies lend money to other broke economies from where the money will come
  • How much money Spain owe to Italy ?
  •  41 billion $
  • How much  Italy owe to Spain ?
  •  27 billion $

The question stands how they will pay each other.

  • Why people are selling European currency and buying US $ ?
  •  Us economy is stronger than European economy
  •  Why ?
  •  Because its owned by China 🙂
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