Anthony J. Evans and Terrence Tse • http://econ.anthonyjevans.com • August 24, 2012
This page presents the results of a simulation conducted by students at ESCP Europe Business School. The aim was to uncover the amount of interlinked debt between Portugal, Ireland, Italy, Greece, Spain, Britain, France, and Germany; and then see what would happen if they attempted to cross cancel obligations.
If any aspect of the chaos of the Eurozone crisis strikes you as slightly crazy, read this. It truly is completely insane. Why do we let these people run things again...?
