Greece’s debt crisis odyssey (by BBC) and Germany’s additional 5 trillion Euro debt

Some weeks ago I wrote to you about the new phase of the Greek crisis and the… “poker game” that has started since the beginning of September. You can read more here.

As the problem evolves and news is added every single day, many of you keep on asking: “what will finally happen with Greece”. Probably the Greek issue worries the entire world, this is why BBC presented a very simple and useful diagram, where you can see all the scenarios and their consequences. It was tweeted by Mr. Abraham Tsoukalidis, CEO of Positive Energy (one of the most important “green” energy companies of the Balkans)

You can read the very interesting analysis here.
 

Is Germany in trouble?

At the same time, it looks like the problem is more complicated than many people thought. Germany appears to have an additional sum of 5 trillion (!) Euro public debt, due to shortfalls in the social security and pension funds. This was the statement of a well-known German professor, cited by Handesblatt (and then Bloomberg).

You can read more about this here.

I am sure that soon we will hear even more news…