Wednesday, April 13, 2011

Restructuring Datapoint

Just for perspective:
...restructuring any one of these sovereigns will prove larger and far more complicated than the previous record-holders, Argentina ($82.2bn of debt defaulted, 2001) and Russia ($72.7bn, 1998), combined. Greece’s outstanding debt sits at circa $430bn, Ireland comes in at $145bn, Portugal at $289bn.

1 comment:

Ken Houghton said...

Last time I did math, (82.2 + 72.7) > 145.

Is the FT is more clever than I am, or is this another case of letting innumerates cover financial issues?