There’s an awesome graphic on the New York Times’ website that shows how much the EU countries all owe each other. It all comes down to Britain, France and Germany loaning Ireland, Greece, Italy, Portugal and Spain some serious money.
Taking a moment to look at how much Germany is owed, you can see that…
- Ireland owes them $184 billion
- Greece owes them $45 billion
- Italy owes them $190 billion
- Portugal owes them $47 billion
- Spain owes them $238 billion
…you get $704 billion!
Even more stunning is how much France is owed.
- Ireland owes them $60 billion
- Greece owes them $75 billion
- Italy owes them $511 billion (daaaaaaaaaamn!)
- Portugal owes them $45 billion
- Spain owes them $220 billion
…that’s a staggering $911 billion these countries owe to France!
This is nuts. No wonder everyone is freaking out that Germany wants to stop loaning these other countries more money. And no wonder Germany wants to stop loaning money as well!
Click the graphic to enlarge on the New York Times website.