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Thread: Business Insider: "The New Spanish Debt Stats Will Give You Chills"

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    Politics.ie Member Dublin 4's Avatar
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    Default Business Insider: "The New Spanish Debt Stats Will Give You Chills"

    The public debt exceeded €882 billion at the end of 2012
    Debt Grew by €146 Billion in one year
    The increase in the first year of Prime Minister Mariano Rajoy is the largest ever recorded
    Debt-to-GDP is highest since 1910
    Interest expense is at record high



    Mish's Global Economic Trend Analysis: Spanish Debt Grows by €146 Billion, Largest Ever Recorded; Debt-to-GDP Highest Since 1910

    Has the crisis already given Radgo 1 haymaker too many???



    Edit: Spain has proven to be a persistent problem for the Eurozone & pushed it to the edge.

    Although the Bond Yields are down & auctions are going well - there is this underlying Debt Time Bomb.

    Do posters think that Draghqueen & Co can defuse it or is the crisis too far ahead & diverse?

    Auctions are goin well all the same...

    Spain's borrowing costs sink to a 10-month low Thursday, while the euro rallies against the dollar, after a robust Spanish bond auction; while moves in European equity markets were more muted as investors awaited the European Central Bank's rate announcement.


    Spanish Bonds Rally, Euro Spikes After Bond Auction; ECB Eyed - WSJ.com
    Last edited by Dublin 4; 18th February 2013 at 08:22 PM. Reason: Typo after Edit

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    Politics.ie Member The Field Marshal's Avatar
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    List of countries by external debt - Wikipedia, the free encyclopedia


    PRIVATE AND PUBLIC DEBT

    Spanish Debt in dollars
    2,570,000,000,000

    population 47,042,984 (July 2011 est.)

    Debt per head of population 54,630

    [40972 euro]


    Irish debt in dollars
    2,352,000,000,000

    Population. 4,722,028

    Debt per head of population 498,091

    [373,568 Euros]

    Each Irish individual is carrying 9 times more debt than each Spanish individual
    Repeal the thirty-fourth amendment of the Irish constitution :
    Children have a basic right to be reared by a mother and a father.

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    Politics.ie Member gerhard dengler's Avatar
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    Bad loans at Spanish banks (only half of which has been provided by those same Spanish banks).

    Politics.ie moderators should moderate instead.
    Welcome to Political Irish | Political Irish

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    Politics.ie Member gerhard dengler's Avatar
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    Spanish bad bank helps soothe problem loan ratio | Reuters

    Spanish banks bad level is €167 billion.
    Politics.ie moderators should moderate instead.
    Welcome to Political Irish | Political Irish

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    Quote Originally Posted by Dublin 4 View Post

    And the German equivalent.


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    Quote Originally Posted by The Field Marshal View Post
    List of countries by external debt - Wikipedia, the free encyclopedia


    PRIVATE AND PUBLIC DEBT

    Spanish Debt in dollars
    2,570,000,000,000

    population 47,042,984 (July 2011 est.)

    Debt per head of population 54,630

    [40972 euro]


    Irish debt in dollars
    2,352,000,000,000

    Population. 4,722,028

    Debt per head of population 498,091

    [373,568 Euros]

    Each Irish individual is carrying 9 times more debt than each Spanish individual
    These stats again? Why don't you put up external assets so we can see the net external debt position?

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    Quote Originally Posted by The Field Marshal View Post
    List of countries by external debt - Wikipedia, the free encyclopedia


    PRIVATE AND PUBLIC DEBT

    Spanish Debt in dollars
    2,570,000,000,000

    population 47,042,984 (July 2011 est.)

    Debt per head of population 54,630

    [40972 euro]


    Irish debt in dollars
    2,352,000,000,000

    Population. 4,722,028

    Debt per head of population 498,091

    [373,568 Euros]

    Each Irish individual is carrying 9 times more debt than each Spanish individual
    How do you make that out?

    2,352,000,000,000 is 2.3 trillion, the Irish debt is not 2.3 trillion?

    235 billion you mean maby?

    which is 235,000,000,000

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    Politics.ie Member The Field Marshal's Avatar
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    Quote Originally Posted by Taxi Driver View Post
    These stats again? Why don't you put up external assets so we can see the net external debt position?
    Delighted

    List of sovereign states by external assets - Wikipedia, the free encyclopedia

    Spain external Assets 1777 billion


    Assets per head of population 37773

    Debts per head of pop 40972
    ----------------------------------------
    Gross liability per head 3,199



    Ireland External assets 294 billion


    Assets per head of pop 61,837

    liability per head 373,568

    ---------------------------------------
    Gross liability per head 311,731


    Gross Irish liability 97 times higher than Spain.




    Therefore not only is every body in Ireland 9 times greater in debt but taken with Irelands external assets everybody in Ireland has gross liabilities 97 times greater than everybody in Spain.
    Repeal the thirty-fourth amendment of the Irish constitution :
    Children have a basic right to be reared by a mother and a father.

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    Quote Originally Posted by Pep4321 View Post
    How do you make that out?

    2,352,000,000,000 is 2.3 trillion, the Irish debt is not 2.3 trillion?

    235 billion you mean maby?
    The debts I refer to are combined public and private debts.

    [I]This is a list of countries by external debt, the total public and private debt (i.e. gross general government debt including both intragovernmental and sub-national public entities debts) owed to nonresidents repayable in internationally accepted currencies, goods, or services,[1] where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based in the country under consideration. This is not to be confused with actual government debts
    Repeal the thirty-fourth amendment of the Irish constitution :
    Children have a basic right to be reared by a mother and a father.

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    Quote Originally Posted by The Field Marshal View Post
    The debts I refer to are combined public and private debts.

    [I]This is a list of countries by external debt, the total public and private debt (i.e. gross general government debt including both intragovernmental and sub-national public entities debts) owed to nonresidents repayable in internationally accepted currencies, goods, or services,[1] where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based in the country under consideration. This is not to be confused with actual government debts
    And these private debts include the enormous liabilities of entities in the IFSC that are matched by similar assets making the overall data meaningless except to those who want to talk up a story.

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