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

More

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


Jump to comments
Presented by

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

Get Today's Top Stories in Your Inbox (preview)

'Cattoo': The Rise of the Cat Tattoo

"Feline art is really popular right now," says a tattoo artist in Brooklyn.


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

Why Do People Love Times Square?

A filmmaker asks New Yorkers and tourists about the allure of Broadway's iconic plaza

Video

A Time-Lapse of Alaska's Northern Lights

The beauty of aurora borealis, as seen from America's last frontier

Video

What Do You Wish You Learned in College?

Ivy League academics reveal their undergrad regrets

Video

Famous Movies, Reimagined

From Apocalypse Now to The Lord of the Rings, this clever video puts a new spin on Hollywood's greatest hits.

Video

What Is a City?

Cities are like nothing else on Earth.

Writers

Up
Down

More in Business

Just In