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Visualizing Where The Pain Is: Summary Of Biggest Exposures To Italy

Posted By yihan On November 9, 2011 @ 8:32 am In Featured Stories,Tile | Comments Disabled

Zero Hedge [1]
Wednesday, November 9, 2011

Yesterday’s Barclays report that Italy is past the point of no return [2]was very prescient. As of today, nobody can deny that Italy is about to drag the entire Eurozone down unless the ECB can come up with a real plan to monetize the debt, as opposed to backing some retarded contraption such as the EFSF which only the criminally stupid eurocrats can conceive, and which even the perpetually optimistic market has seen right through at this point. In other words: print. Lots. So until Mario Draghi gets off the phone with the corner office at 200 West for instructions on how to best proceed, here is a visual summary courtesy of Reuters, of where the max pain is concentrated. Needless to say, we are all so lucky that French banks managed to sell off their exposure to unwitting bagholders who took the sticky EURUSD as an all clear signal, instead of what it was this entire time: a side-effect of EUR repatriation [3]as French banks were dumping USD-denominated assets and shoring up capital.

Visualizing Where The Pain Is: Summary Of Biggest Exposures To Italy Italy%20Exposure [4]

Visualizing Where The Pain Is: Summary Of Biggest Exposures To Italy Italy%20Exposure%202 [5]

Source: Reuters [6]


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/visualizing-where-pain-summary-biggest-exposures-italy

[2] Italy is past the point of no return : http://t.co/02HrdsW8

[3] side-effect of EUR repatriation : http://www.zerohedge.com/news/biggest-market-headfake-ever-wholesale-french-bank-liquidity-run-sole-reason-euro-and-sp-surge

[4] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/10/Italy%20Exposure.jpg

[5] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/10/Italy%20Exposure%202.jpg

[6] Reuters: http://graphics.thomsonreuters.com/11/08/EZ_BNKMP0811_SB.html

[7] Summary Of The Biggest Bail Out Ever: Even Keynes Is Spinning In His Grave: http://www.prisonplanet.com/summary-of-the-biggest-bail-out-ever-even-keynes-is-spinning-in-his-grave.html

[8] Beppe Grillo: “Italy Is Already De Facto Out Of The Euro”: http://www.prisonplanet.com/beppe-grillo-italy-is-already-de-facto-out-of-the-euro.html

[9] Visualizing What $1.2 Trillion In Secret Fed Bailouts To The Banking Kleptocracy Looks Like: http://www.prisonplanet.com/visualizing-what-1-2-trillion-in-secret-fed-bailouts-to-the-banking-kleptocracy-looks-like.html

[10] Obama set to arm Italy’s drones in milestone move: http://www.prisonplanet.com/obama-set-to-arm-italys-drones-in-milestone-move.html

[11] Are Your Painkillers Causing You Pain? You Aren’t Alone: http://www.prisonplanet.com/are-your-painkillers-causing-you-pain-you-aren%e2%80%99t-alone.html

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