The scariest article you will read all year

IvaBigWun

http://www.nytimes.com/interactive/2011/10/23/sunday-review/an-overview-of-the-euro-crisis.html :eek:

It’s All Connected: An Overview of the Euro Crisis
European leaders are meeting this week to deal with growing debt problems rattling investors worldwide. Here is a visual guide to the crisis.

Immaculate Pasta

:eek:

pragmatic1

Good. If we're going down at least we can take a few of the cnuts with us.

foxyboxer

Where's China?







*a glaring ommission on that snazzy diagram.

Kiera

foxyboxer wrote: »

Where's China?

In Asia.

Jesus Wept

I read it incorrectly as 'It's all concocted'.

Saila

I just got a map like ryanairs destinations route map

Where To

Wheres the scary part?

kincsem

Obviously we haven't borrowed nearly enough. :pac:

cml387

where do i go from here wrote: »

Wheres the scary part?

When someone inscribes the diagram on a pumpkin.

Jeboa Safari

Who's borrowing from Japanese banks?

Completionist

Our arrows are pitifully small:(

Just look at the size of the US's arrows!

Yakult

The euro. Great idea they said. Now look, hah!

orourkeda

Hands up who voted for the Lisbon Treaty?

If you answer yes then this is what you voted for

parrai

The real scary part is that Americas' debt makes the Euro problem pale into insignificance at between 16-17 TRILLION and growing

Wibbs

orourkeda wrote: »

Hands up who voted for the Lisbon Treaty?

If you answer yes then this is what you voted for

NOt really, Lisbon was well after the Eurozone was in full swing. IIRC Maastricht was the one?

parrai

Wibbs wrote: »

NOt really, Lisbon was well after the Eurozone was in full swing. IIRC Maastricht was the one?

Yep that's where it started.

Haelium

orourkeda wrote: »

Hands up who voted for the Lisbon Treaty?

If you answer yes then this is what you voted for

FFS, what the **** does this have to do with Lisbon? You should be asking who voted for Fianna Fail and by proxy the bank guarantee.

face1990

Years later, and people still have no idea what Lisbon was about :P

artvanderlay

I think at this stage now NASA and all the other various space exploration programs only exist because they are all looking for some aliens to borrow money off. Just imagine an American astronaut meeting E.T. " hey buddy, hiya doin'? Can you spare a couple trillion?"

Solair

To be quite honest, I am getting sick of scary graphs.

The plus side of the EU debts is that they are largely internal i.e. owed to other EU banks.

The US debt's increasingly massive external.

It all depends on whether you chose to view the EU as a single bloc, or, as most commentators do, split it up into little fighting factions.

There's going to have to be some kind of EU-wide agreement to cancel / totally reage or otherwise modify debts between member states' banks thus resolving the problem or spreading it out over a long time.

A simultanious devaluation of the Euro + Dollar + hanger-on currencies i.e. £,¥, etc would also go a long way towards solving this and would undermine China's weak currency policy too, possibly re-balancing trade between China and the West somewhat.

If the current batch of politicians don't discover they actually have power to do something about this there's going to be a hell of a lot of European Governments heading the way Fianna Fail did i.e. to the dole queues and political oblivion.
Democracy will ultimately take care of this.

The US is a different story, as the 2-party system isn't exactly open to change / democratic modification. It's like coke vs pepsi, but at least in Europe things will come to a head sooner or later in most countries as there are multi-party democracies at play.

All I see at the moment is Governments jumping to every whim of speculators and 'the markets'.

fishy fishy

orourkeda wrote: »

Hands up who voted for the Lisbon Treaty?

If you answer yes then this is what you voted for

well we did vote no, but we were told we would keep having to do it until we came up with the right answer.

Killer Pigeon

It's like electron's whizzing around a non-existent nucleus, i.e., it's bound to collapse.

Donal Og O Baelach

If you zoom in you can just about make out my credit card bill there on the right beside Ireland. Knew it was getting out of control but..

SafeSurfer

foxyboxer wrote: »

Where's China?








*a glaring ommission on that snazzy diagram.

Where's Wally?

vampire of kilmainham

i dont get scared im mad totally crazy im a vampire and sleep in a coffin

Joe_Box

Jeebus, thanks OP for ruining my morning!

kraggy

vampire of kilmainham wrote: »

i dont get scared im mad totally crazy im a vampire and sleep in a coffin

The Greeks haven't had the Drachma as their currency since 2001.

They're in the euro now. That's the reason for all the fuss.