22.06.2012 - Chart of the day - 2012 DEBT TO GDP OF PIIGS & Select Countries

Totally forgot to post this.

Well here it is now

SOURCE:
http://www.chartoftheday.com/20120622.htm?T

GERMANY'S TRADE SURPLUS AND THE INTRODUCTION OF THE EURO

I have been meaning to repost this from the Sudden debt blog by Hellasious.

It's a post that really makes you look at Eurozone crisis in a different light.
Despite all the PIIGS bashing going on, we often forget that German Exports did benefit greatly from the shift to the Euro!

Sudden Debt: One Picture Is Worth A Thousand Marks (or Merkels)...: Given what is going on in the eurozone at the moment, it is worth it to point out that the biggest beneficiary of the euro is Germany itse................

""""""A full 41% of Germany's surplus comes from France, Italy, Spain and (gasp!) Greece, where Germany is still exporting like gangbusters despite the poor country being in its fifth year of recession.  In fact, Germany's trade surplus per person with Greece is 3.6 times bigger than that with the U.S. (290 euro per Greek versus 81 euro per American)."""""""""

EURO ZONE DEBT CRISIS -ANY SOLUTION YET?

I guess not!

Here's an excellent cartoon by "KAL :  THE ECONOMIST : LONDON ENGLAND"

It came out around the time of the Wimbledon Tennis Tournament
It is titled....."DEUCE | Meanwhile, in the Euro Zone"

SOURCE:
https://www.nytsyn.com/cartoons/cartoons?start_date=1901-01-01&search_id=74680&page=2#783810

http://www.kaltoons.com/
Kevin Kallaugher (KAL) is the editorial cartoonist for The Economist magazine of London.
For all those who may not have heard of him, he is the artist behind the famous BUY SELL Cartoon 
http://www.kaltoons.com/wordpress/portfolio/?album=1&gallery=6

Along with INGRAM PINN of the FT, he is one of the legends of the world of Financial and Political Cartoons.

EUROPEAN YOUTH UNEMPLOYMENT - A REAL CRISIS.

A really worrying issue that has only started to feature in business news recently, is youth unemployment.

Below is a chart of European youth unemployment by Adam English at Inside Investing Daily.

Another Link, this time from the Telegraph:

Youth unemployment passes 50pc in Spain and Greece - Telegraph