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With Moody's signaling that numerous UK countries have huge debt problems, including the UK, Spain, Italy, Ireland and Portugal; which nations are at the largest risk? Check out this chart of who owes who what:

Source: NYTimes.com


Moodys Warns of EU Debt Crisis in Portugal, Italy, Spain, Ireland and UK

Get alternative Financial & Biz News here which the MSM may be failing to report in full.

Yesterday Moody's warned of a massive, two-point credit-rating deduction for Portugal. Today they come out with this massive debt crisis warning, which covers a large part of Europe:

"Credit rating agency Moody's says debt crisis could hit banking sectors in Portugal, Italy, Spain, Ireland and UK" - AP via @BreakingNews on Twitter

May 6, 2009

I guess they have already written Greece off. In any event, the UK is a major US trading partner as is Europe in general, so this is not good; especially since banks are so inter-linked globally anymore, as we saw in wave one of this crash in late 2008.

Scary to see the UK on this list really. Strange they would announce this on the day of their general election...



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