Is total Greek collapse the economic Black Swan for the planet?

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Is total Greek collapse the economic Black Swan for the planet?

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2015 Jul 15, 11:16am 857 views 2 comments

http://www.telegraph.co.uk/finance/economics/11739985/IMF-stuns-Europe-with-call-for-massive-Greek-debt-relief.html

The findings are explosive. The document amounts to a warning that the IMF will not take part in any EMU-led rescue package for Greece unless Germany and the EMU creditor powers finally agree to sweeping debt relief.

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MisdemeanorRebel 2015 Jul 15, 11:22am

Honestly, no. At least not by itself.

http://www.eudebtclock.org/

Greek debt is about 320 Euros; Total European Debt is about 12.3 Euros. Greek debt is a teeny tiny fraction of EU debt.

Some interesting observations:

Irish per capita debt is almost half again more than the Greeks'.
Sweden's debt per capita is about 30% below the European Total.
Germany's per capita debt is only a bit smaller than Greece's.
The UK has less per capita debt than Germany.

2 HEY YOU 2015 Jul 15, 11:41am

Maybe Greece is the dark swimming figure in the mist & another event will bring the eerie figure into the light.

patrick.net

Is total Greek collapse the economic Black Swan for the planet?

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