Euro Zone Debt Is Simply Staggering
When Charles Sizemore, editor of the The Sizemore Investment Letter, sent me this chart about euro zone debt, I knew it was a keeper. But it originally omitted the scale. Like a good editor, I asked what we were talking about — millions? Tens of millions?
“No way, man — try trillions,” Charles responded. “This is central bank money we’re talking about!”
In case you’re curious, 2.5 trillion euros is $3.2 trillion U.S. dollars — or roughly the entire 2011 GDP of EU member Germany.