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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> ________________________________________________ Send list submissions to: Marxism@lists.econ.utah.edu Set your options at: http://lists.econ.utah.edu/mailman/options/marxism/archive%40mail-archive.com
