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Lloyd’s of London   From Richard Ward of Lloyd

Lloyd’s is preparing to the collapse of the Euro by divesting of all possible Euro denominated investments. “We are trying to reduce exposure as much as possible” Lloyd’s exposure on the continent is Sterling 58.9 billion 18% of total capital.  Euler Hermes we are considering reduction of all cover trade with Greece because we think they will leave the Eurozone. 



Moody’s cuts rating on 9 Danish Banks

Cuts are between one and five points. 



Sovereign debt        dollars all 732 billion

Regional Debt                  183 B

Bank Guarantees                  103B

Other debts                        72B

Total National Debt            $1.090 trillion

Liability to ECB                    332B

EU beget commitment                  20B

Stabilization fund commitment            125B

Marco Fin Ass, Fund                 99B

Guarantee outstanding EIB debt             67B

Total European Debt                   1.733 Trillion

Actual Debt to GDP ratio            133.8% 



Total outstanding Italian loan papers appear to be over 3 trillion Euros. 

The debt is spread ten years into the future 


Iceland is bankrupt.

Greece is bankrupt.

Ireland is bankrupt. 


The good news is that America’s Federal Reserve System is on the hook for only 2 trillion dollars that has been loaned to EC banks and the ECB. 

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    Total 2 comments
    • DK

      Neither Ireland nor Iceland are bankrupt, the private ratings agencies state they are. Ireland in fact too collectivized private bank debts to bail out the banksters – which was totally unnecessary, Iceland has no such ‘debt’ whatsoever and jails its banksters.

      • DK

        -remove the too- :oops:

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