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€2 Trillion Debt Exposure in Eurozone by Lanassa is a document available to read on EtoBox.

What is €2 Trillion Debt Exposure in Eurozone about?

This document estimates the total debt exposure of financial institutions outside of Greece, Spain and Portugal to those countries. It finds the exposure to be approximately €2 trillion, or 22% of euro area GDP, far exceeding most estimates. This large exposure argues for intervention to avoid a collapse in confidence. The ECB will need to significantly increase its bond purchase program, especially for private assets. The exposure includes debt from the public, banking, and non-bank private sectors, provid

Author

Lanassa

Language

EN