leeman and ntype are about to be fucked... - Printable Version

+- InsaneTrain Forums (https://insanetrain.com)
+-- Forum: General (https://insanetrain.com/forumdisplay.php?fid=4)
+--- Forum: General Forum (https://insanetrain.com/forumdisplay.php?fid=8)
+--- Thread: leeman and ntype are about to be fucked... (/showthread.php?tid=46777)

---

leeman and ntype are about to be fucked... - Anhil8tor - 12-03-2008

http://inpursuitofhappiness.wordpress.com/2008/12/01/ecuador-to-default-illegal-debt/

Ecuador is about to default on a loan that it had tied to the high prices of oil... not a big deal right? It seems that Sweedish banks have loand somewhere in the neighborhood of 25% of its GDP to small countries like Ecuador that won't be able to pay them back. The Switzy in all their infinite knowledge has loaned somewhere in the neighborhood of 50% of their GDP.....

http://www.finfacts.ie/irishfinancenews/International_4/article_1015088_printer.shtml
3. Austria, Switzerland, Spain and Sweden have the largest exposure to EM. By country, total loans to EM by Austrian banks amount to 85% of GDP – with EE accounting for 80% of Austrian GDP. Switzerland ranks second on this measure, with bank lending to EM amounting to 50% of Swiss GDP. Number three is Sweden at 25%.

---