Crisis in Europe -Who´s fault is it? Debtor´s or creditor´s?

[Martinghoul]

Quote from Random.Capital:
So now you got me curious.

Top 10 of 2011 have combined wealth of roughly $400B. Top 20 total about $650B (yikes, Pareto at work, even here).

The PIIGS total up to (round numbers)...

Portugal - $500B
Ireland - $2,300B
Italy - $2,300B
Greece - $500B
Spain - $2100B

Nearly $8T.

The entire Forbes 400 couldn't make good on that.

It appears that lending rates for sovereign borrowers have been set with little regard for the fiscal realities...

What are these numbers again?

 

[murray t turtle]

Quote from Random.Capital:

So now you got me curious.

Top 10 of 2011 have combined wealth of roughly $400B. Top 20 total about $650B (yikes, Pareto at work, even here).

The PIIGS total up to (round numbers)...

Portugal - $500B
Ireland - $2,300B
Italy - $2,300B
Greece - $500B
Spain - $2100B

Nearly $8T.

The entire Forbes 400 couldn't make good on that.

It appears that lending rates for sovereign borrowers have been set with little regard for the fiscal realities...

==================
Long story short, that 500B[or ''$485 billion Greece total debt'', lets say $500 Billion];
may not really be Greece's biggest problem.BBC/Business News , November 10 article says the biggest problem is ''Greece spending spree, after it adopted the euro''

Then the Greek socialist gov had what that article called ''widepread tax evasion...Global finance crisis hit...''

Same article had a cool chart illustration in which French Banks/Private lending;
are exposed about $40/+ Billion...US banks =$4+/ Billion.Those last 2 numbers are not exact, simply a chart, in that article