2 years ago
How does Portugal's rising risk of default affect Spain?
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CDS spreads changed 387 percent for Portugal from 70.22 to 342.15 with a 25% chance of default over the next 5 years.
CDS spreads changed from 334% for Greece from 176.47 to 765.87 with a 47% chance of default over the next 5 years.
Greeces total debt is $236 billion, Italy’s total debt is $1.4 trillion, Portugals total debt is $28.6 billion, Spain total debt is $1.1 trillion and Ireland debt is 86.7 billion.
Hedge funds and banks have sold themselves as “market makers”. Wall Street is based on leverage and very little capital, a false economy. A 1000 point drop in a matter of minutes, indicates decades of losses, triggered by machine trading.
Greece owes Britain $15 billion, France $75 billion, and Germany $45 billion
Italy owes Germany $190 billion, France $511 billion, and Britain $77 billion
Portugal owes Britain $24 billion, France $45 billion, and Germany $47 billion
Spain owes France $220 billion, Germany $238 billion, and Britain $114 billion
Ireland owes Germany $184 billion, Britain $188 billion, and France $60 billion.
CDS spreads changed 387 percent for Portugal from 70.22 to 342.15 with a 25% chance of default over the next 5 years.
CDS spreads changed from 334% for Greece from 176.47 to 765.87 with a 47% chance of default over the next 5 years.
Greeces total debt is $236 billion, Italy’s total debt is $1.4 trillion, Portugals total debt is $28.6 billion, Spain total debt is $1.1 trillion and Ireland debt is 86.7 billion.
Hedge funds and banks have sold themselves as “market makers”. Wall Street is based on leverage and very little capital, a false economy. A 1000 point drop in a matter of minutes, indicates decades of losses, triggered by machine trading.
Greece owes Britain $15 billion, France $75 billion, and Germany $45 billion
Italy owes Germany $190 billion, France $511 billion, and Britain $77 billion
Portugal owes Britain $24 billion, France $45 billion, and Germany $47 billion
Spain owes France $220 billion, Germany $238 billion, and Britain $114 billion
Ireland owes Germany $184 billion, Britain $188 billion, and France $60 billion.
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