NOT just Greece!..............from Rico

The end of the road is coming, and NOT just for Greece!

In the first attachment [EU systemic debt to GDP]:
- Portugal is a 'problem' with 83%, but France with 84% is not?
- Spain at 63% is a 'problem', but the Netherlands at 66% is not?
- And Germany with 75% is called EUrope's strongman?

The IMF looked at the gross debt of national financial institutions as a percentage of 2010 GDP [second attachment]:
- Portugal is 65%/France is 148%/Spain is 113%/Germany is 95%/Italy 99%/Ireland is 664%/UK is 735%/Greece is 21%
- The average across the EU is 148%

Leverage [for Keynesians and elected officials read: DEBT]:
- To put things in perspective, Lehamn was leveraged 30:1 at collapse, and the entire EU banking system is currently leveraged 26:1.

The EUro is closer to the end of the road than anyone is considering.