23-02-2012, por Louise Armistead
https://www.telegraph.co.uk/finance/financialcrisis/9098559/Whats-the-Greek-debt-crisis-all-about.html
What's the Greek debt crisis all about?
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| Mail Online 29-06-2011 http://www.dailymail.co.uk/news/article-2008905/Greek-vote-Protests-Athens-MPs-debate-EUs-25bn-cuts.html Clique na imagem para ampliar |
(..) Who's holding the debt?
Banks in Germany and France have the biggest exposure to Greek debt. According to the Bank for International Settlements they hold $22.6bn (£14.4bn) and $15bn of Greece's government debt respectively. These numbers soar with estimated private sector exposure - to $34bn for Germany and $56.7bn for France.
Behind the debt are vast amounts of CDOs - complex financial instruments bought by investors from investment banks to insure the debt - adding another threat from default.
Outside the eurozone, exposure to Greek debt is relatively small. But, whatever Brussels says, Greece is not a unique case: Portugal, Ireland, Italy and Spain also have vast debt piles that are also held by global banks.
British banks hold just $3.4bn of Greek sovereign debt and a total of $14.6bn with private lending exposure. But it has far closer links with Ireland, the UK’s biggest trading partner. And with London at the centre of European financial services, Britain also stands in the firing line of any banking crisis. (Continua)
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2012-02-24
