The New Statesman’s rolling politics blog


The Chartist

Euro millions.


News this week that traders and hedge funds had bet $7.6bn against the euro -- that is to say, they're convinced to the tune of $7.6bn that the currency is going to lose further value -- somehow seems less shocking when you look around the eurozone at the size of some countries' national debt, measured here as a percentage of GDP.

And in context, the much-discussed UK debt suddenly doesn't seem so bad.

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