The European Super-Highway of Debt and Bankrupt Countries

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€2.91 Trillion: Total amount borrowed by Bankrupt nation’s citizens €2,910,426,000,000 (€2.91 million millions). 13 Banks biggest banks.

Each bank has its own lane.

Total Convoy Length: 26.7km (16.59 miles) if you put all 13 lanes together.

The people of Greece, Ireland, Italy, Portugal & Spain owe €2,91 trillion Euros to these 13 banks.

These are only the 13 biggest banks, there are many more that lent money, that together add up to a much bigger debt numbers. 3 pallets of cash would cover the cost of all the trucks shown below, if you bought them new.

You’d have enough left over for a lifetime of joy. Each truck has 20 such pallets.

 

The European Super Highway of Debt
A lot of banks are “under water’ with debt. These info-graphics shows how much banks borrowed to Portugal, Ireland, Italy, Greece & Spain (PIIGS) – the countries least likely to pay it back.
.
€100
€100 – I bet you wish you could push print. 😉

€100

€10,000
€10,000 – “Madness is badness of spirit,
when one seeks profit from all sources” – Aristotle

€10,000

€1 Million
€1,000,000 – Not as big of a pile as you thought, huh?“Bankers own the earth. Take it away from them, but leave
them the power to create money and control credit, and
with a flick of a pen they will create enough to buy it back.”
-Sir Josiah Stamp, former President, Bank of England

€1 Million

€100 Million
€100,000,000 – Approximately the size of the bonuses that CEO’s of big banks during the financial crisis.“Whoever controls the volume of money in any country is absolute master of all industry and commerce.”
-James A. Garfield, President of the United States

€100 Million

€2 Billion – A Truck Load Full of Cash
€2,000,000,000 – Greece’s budget deficit is €24,125,000,000. So Greece will need to borrow 12 of these trucks this year full of €100 Euro bills in order not to bankrupt. [Source]“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it’s issuance.”
-James Madison

€2 Billion

 

 

PIIGS

 

€61.6B #2 biggest lender to
GIIPS country
Governments
€61.7B #1 biggest lender to
GIIPS country
Governments
€122.3 Billion – 2x Big Banks Loaned This Much Money to PIIGS Countries
€122,300,000,000 – Biggest lenders: Bank Intesa SanPaolo & Bank BBVA gave a total of €122.3 Billion to struggling European Governments – Greece, Ireland, Italy, Portugal & Spain. The Intesa SanPaolo convoy is ~514 meters long and the BBVA convoy is ~505 meters long.

€123.3 Billion

€560 Billion – Amount borrowed from Banks by Governments of bankrupting countries
€560,410,000,000 – Greek, Irish, Italian, Portuguese & Spanish governments borrowed little over half a trillion Euros from the banks shown below. All banks on the list borrowed over €10 billion to GIIPS. Now the banks are worried if they will get it back.For the curious: The info comes from the European Banking Authority’s Stress Tests and is labeled as “Results of the 2011 EBA EU-wide stress test: Exposures to sovereigns (central and local governments)”.

 

€560 Billion

Intesa SanPaolo BBVA UniCredit Group Banco Santander BNP Paribas la Caixa Banco Monte Dei Paschi di Siena Bankia Dexia Barclays Commerzbank National Bank of Greece Société Générale Crédit Agricole HSBC Deutsche Bank Banco Popolare ING Hypo Real Estate UBI Banca RBS

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€428.3B #2 biggest lender to GIIPS country
private sector
€828.6 Billion – Amount 2x large banks loaned to people of bankrupt countries
€828,600,000,000 – Intesa SanPaolo & Banco Santander lent a total of €828.6 billion to GIIPS in loans to institutions, corporations, retail business, mortgages, commercial real estate, etc, also called private debt. Intesa SanPaolo’s convoy is 3.8 kilometers long and Banco Santander’s is 3.5 kilometers long.In technical terms this is called “Credit risk exposures (EAD – exposure at default)”.
The info is sourced from European Banking Authority’s website – 2011 Bank Stress Tests.
€400.2B #2 biggest lender to GIIPS country
private sector
€400.2B #2 biggest lender to GIIPS country
private sector

 

 
€828.6 Billion

€3 Trillion - The Superhighway of Debt - Total amount borrowed by Bankrupt nation's citizens

 

Banco Monte Dei Paschi di Siena UniCredit Group Intesa SanPaolo UBI Banca Banco Popolare Banco Santander Grupo Banco Popular BBVA Bankia la Caixa Caixa Geral de Depositos Barclays AIB

CLICK ON LOGOS FOR COMPANY DETAILS

€2.91 Trillion: Total amount borrowed by Bankrupt nation’s citizens €2,910,426,000,000 (€2.91 million millions). 13 Banks biggest banks.

Each bank has its own lane.

Total Convoy Length: 26.7km (16.59 miles) if you put all 13 lanes together.

The people of Greece, Ireland, Italy, Portugal & Spain owe €2,91 trillion Euros to these 13 banks.

These are only the 13 biggest banks, there are many more that lent money, that together add up to a much bigger debt numbers. 3 pallets of cash would cover the cost of all the trucks shown below, if you bought them new.

You’d have enough left over for a lifetime of joy. Each truck has 20 such pallets.

 

 


Articles by: Global Research News

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