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Now you can scare your friends at dinner hinting at the hundreds of billion euros of government debt coming due every month in Europe in 2012. Happy new year!
Source: Goldman Sachs via ZeroHedge.
The definitive chart on wages, social security and income tax from the Economist (via Complaining About High Taxes? Don’t Tell France And Germany… | zero hedge)
Slides from HSBC by country on demographic trends and their impact on the economy.
All you need to know about European government debt in two pictures below from Nomura research:
Rollover roulette
Interesting history lesson: 1944-1971 from Bretton Woods to the Nixon Shock.
I didn’t know that Knights Templar brought banking back to Europe in the Middle Ages and were dismantled by King Philip IV of France when his country defaulted on its debt towards the order.
