11/13/11

Debt

I post debt positions from time to time because, in the end, it is the only thing which matters - okay, apart from private debt of states. Picture is clear, the 'red' countries are in problems, Germany and France pretend that they are trying to fix things, which can't be true since their debt cannot run higher. Moreover, Europe can be damned glad with the former eastern bloc countries, who have low debt and a lot of room for growth.