Re: [Marxism] Of Perhaps Some Small Interest

[Vladimiro Giacche']

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Please, put things in the correct order: 
Portugal, Spain, and Belgium or Italy. ;-)
But I find really amusing that NOBODY says what's at stake: the German banks 
(184 bn euro only in Ireland...).

And what about the next big targets? UK and USA...
Six months perhaps?  
 
 Not to detract from the wiki issue, but we might want to pay 
 some attention to what is happening in the European Union, and 
 the fact that Spain and Italy are about to receive the Irish 
 treatment.




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Re: [Marxism] Of Perhaps Some Small Interest

[S. Artesian]

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And speaking of German debt:

WSJ of 11/30 published a breakdown of German bank exposure to the debt of 
the EU core; the EU PIIGS [Portugal, Italy, Ireland, Greece, Spain], and 
other EU countries in  THREE sectors:  debt of other banks, sovereign debt, 
corporate debt;

So for German banks in the PIIGS Category:

exposure to debt of other banks:  euro 180 billion [out of a total exposure 
to debt of other EU banks of  euro 405 billion]
exposure to debt of corporations: euro 200 billion [out of a total exposure 
EU corporate debt of  euro 460 billion]
exposure to sovereign debt: euro 90 billion [total EU exposure euro 121 
billion].

Half a trillion here, half a trillion there, pretty soon you're talking 
about unreal money.

- Original Message - 
From: Vladimiro Giacche' md1...@mclink.it 



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