Thursday, April 4, 2013

4/4/2013: Real Debt: European Crisis in 4 charts

Some interesting charts from Liu, Yan and Rosenberg, Christoph B., World Economic Outlook, April 2013. IMF Working Paper No. 13/44. Available at SSRN: http://ssrn.com/abstract=2229653

Chart 1 below details the extent of the debt overhang in a number of countries:


Charts 2 and 3 outline the problem relative to financial assets available to offset the debt (theoretical offset, obviously):


Non-performing loans problem...


Quite telling, with no commentary needed, imo.
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