The European Debt Crisis – How Bad Is It Now?
This excellent infographice from the NY Times gives a visual overview of the Euro debt crisis and related metrics.
Leaders of key European countries including Germany, Italy and France are currently meeting in Rome to try find a way forward in the midst of the crippling debt crisis that just won’t go away.
Larger European countries including Spain and Italy are increasingly finding it hard to raise funds in the financial markets while paying realistic rates. Associated banks in these countries are likewise under stress as deposits flow to nations with more robust economies.
It is thought that Spain could this weekend formally request the bailout funds it so desperately needs to shore up troubled banks. Spain has Europe’s highest unemployment rate and is firmly placed in a recession. The Spanish and Greek economies now have unemployment levels comparable to those during the Great Depression in the US…
See the attached info graphic for a detailed look at the European debt crisis.
Euro Debt Crisis Infographic