mikaelj
2011-05-25, 22:01
http://www.eudebtwriteoff.com
This website presents the results of a simulation conducted by students at ESCP Europe Business School. The aim was to uncover the amount of interlinked debt between Portugal, Ireland, Italy, Greece, Spain, Britain, France, and Germany; and then see what would happen if they attempted to cross cancel obligations.
The results were astounding:
* The countries can reduce their total debt by 64% through cross cancellation of interlinked debt, taking total debt from 40.47% of GDP to 14.58%
* Six countries – Ireland, Italy, Spain, Britain, France and Germany – can write off more than 50% of their outstanding debt
* Three countries - Ireland, Italy, and Germany – can reduce their obligations such that they owe more than €1bn to only 2 other countries
* Ireland can reduce its debt from almost 130% of GDP to under 20% of GDP
* France can virtually eliminate its debt – reducing it to just 0.06% of GDP
Före:
http://www.eudebtwriteoff.com/uploads/2/5/7/7/2577275/9498563.jpg?421
Efter:
http://www.eudebtwriteoff.com/uploads/2/5/7/7/2577275/4619148.jpg?382
Rätt fräckt.
This website presents the results of a simulation conducted by students at ESCP Europe Business School. The aim was to uncover the amount of interlinked debt between Portugal, Ireland, Italy, Greece, Spain, Britain, France, and Germany; and then see what would happen if they attempted to cross cancel obligations.
The results were astounding:
* The countries can reduce their total debt by 64% through cross cancellation of interlinked debt, taking total debt from 40.47% of GDP to 14.58%
* Six countries – Ireland, Italy, Spain, Britain, France and Germany – can write off more than 50% of their outstanding debt
* Three countries - Ireland, Italy, and Germany – can reduce their obligations such that they owe more than €1bn to only 2 other countries
* Ireland can reduce its debt from almost 130% of GDP to under 20% of GDP
* France can virtually eliminate its debt – reducing it to just 0.06% of GDP
Före:
http://www.eudebtwriteoff.com/uploads/2/5/7/7/2577275/9498563.jpg?421
Efter:
http://www.eudebtwriteoff.com/uploads/2/5/7/7/2577275/4619148.jpg?382
Rätt fräckt.