The Chart You Need to See to Understand the European Debt Crisis

European stocks are plunging even harder than American markets on fears that the debt crisis is moving from contagion to full-on epidemic across Greece, Portugal, Ireland, Italy, Spain, and even France. Investors are fleeing not only European government debt but also European (and American) bank stocks, since the largest banks hold huge sums of government and corporate bonds from these countries.

No graph I've seen better explains the toxic interconnectedness of the most troubled European economies than this from the New York Times (click through for larger image).


Graphic: Web of Debt


______

And a few more for the road:

1. Greek debt exposure: Big losers are BNP and SocGen



2. Bank holdings of Porgual/Italy/Ireland/Greece/Spain debt



chart


Presented by

Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

How to Cook Spaghetti Squash (and Why)

Cooking for yourself is one of the surest ways to eat well. Bestselling author Mark Bittman teaches James Hamblin the recipe that everyone is Googling.

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

Video

How to Cook Spaghetti Squash (and Why)

Cooking for yourself is one of the surest ways to eat well.

Video

Before Tinder, a Tree

Looking for your soulmate? Write a letter to the "Bridegroom's Oak" in Germany.

Video

The Health Benefits of Going Outside

People spend too much time indoors. One solution: ecotherapy.

Video

Where High Tech Meets the 1950s

Why did Green Bank, West Virginia, ban wireless signals? For science.

Video

Yes, Quidditch Is Real

How J.K. Rowling's magical sport spread from Hogwarts to college campuses

Video

Would You Live in a Treehouse?

A treehouse can be an ideal office space, vacation rental, and way of reconnecting with your youth.

More in Business

Just In