Read this: As Italy sinks, France is leaking.
France owns 511 bn of Italian debt, and another 400 bn of other PIIGS debt, probably mostly Spanish. Oh and by the way, tiny Belgium (population 11 million) has 119 bn of exposure and the Netherlands (population 16 million) has 244 bn of exposure. So most of the big banks in these countries are likely to go down with the PIIGS.
No comments:
Post a Comment