Fall Through the Cracks Friday: A Technical Explanation of the European Debt Crisis – With Legos

Michael Cembalest, Chief Investment Officer with JP Morgan, dissects the European Debt Crisis using Legos.  From the article:


In case you can’t tell what the lego figures represent, here is a quick reference guide:

1. Spain, Italy, Euro Periphery
2. CDU, CSU, FDP, the three German parties controlling the German Bundestag, their parliament
3. Finland
4. Social Democrats and Greens
5. Bundesbank, the German central bank
6. IMF
7. European Central Bank
8. Poland
9. France
10. EU taxpayers in Core countries
11. EU Commission and Euro Group Finance Ministers
12. EU bondholders and shareholders

You can read the full report from Michael here in PDF format.

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About plushq

The Professional Liability Underwriting Society (PLUS) was founded in 1986 by industry professionals who recognized the need for a forum for individuals involved in the field of professional liability. The Society is a non-profit organization with membership open to persons interested in the promotion and development of the professional liability industry. Membership consists of over 6,500 individuals, representing over 1,000 companies active in the many fields of professional liability. PLUS currently receives the support of more than 200 companies through corporate membership. PLUS is recognized as the primary source of professional liability educational programs and seminars, assistance to its members to help serve clients, and information regarding professional liability. The Society is continually seeking new means to fulfill its mission statement and better serve its members.

1 thought on “Fall Through the Cracks Friday: A Technical Explanation of the European Debt Crisis – With Legos

  1. Pingback: A solution (not really) to Greece’s Debt Crisis | PLUS Blog

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