RANKED: The world’s national debts, from safest to most risky

CDS map

Click here for maximum resolution

Bank of America’s Transforming World Atlas has loads of lovely infographics in it, but one of the most colourful is a map of the world’s riskiest sovereign debt.

The map uses the prices of credit default swaps, which are derivatives that pay out if a borrower defaults.

Sovereign credit default swaps have been used as a type of insurance against sovereign governments not paying back the money they owe. Like any insurance product, the more expensive it is the more likely the event you’re insuring against will happen soon.

Venezuelan debt is by far the most risky, costing twice as much as Greek or Ukrainian debt to insure.

The graphic also shows just how far Spain and Ireland have come. The market thinks their debt is pretty risk free, with lower CDS spreads than Italy or Portugal. The Spanish economy is going through a bit of a revival after suffering a devastating housing crash and unemployment crisis.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Advertisements
UptightPrettyGirl

Have fun reading. Message me any time.

Slippery Edge

beauty is in the eye of the beholder

nicolesundays

humor. storytelling. general stupidity.

unbolt me

the literary asylum

Becky's blog. Just a Zimbo in Masvingo, Zimbabwe, Africa

"An eye for an eye will only make the whole world blind" - Mohandas Gandhi. Then so be it.

Neurodivergent Rebel

Rebelling against a culture that values assimilation over individuality.

UNLIMBITED TREE SERVICE, INC.

Unlimbited Tree Service was started with one goal in mind: To enhance the beauty and value of residential and commercial properties while ensuring the safety of their occupants. With Unlimbited, you know that you're getting the very best.

chicblanc

Fashion blog by Parisa

Beaches RVs

Beaches RVs offers a range of quality Campervans, Caravans etc.

Texas Native Threads

Uniquely Texas, Simply you.

Histoires de photos

Photographe spécialisé argentique Nord

sanseilife

Food . Culture . Community . Japanese . Sansei

Mission: Loved

Prayer, Worship and Missions ministry of Dylan Raines

Janine Nissa

Fashion - Travel - Lifestyle

SKYLARITY

Mindfulness, Spontaneity and Authenticity

Salt of Portugal

all that is glorious about Portugal

Paris1972-Versailles2003

Travel and my anecdotes

Advertisements
%d bloggers like this: