Debt Weight

WSJ had this graphic earlier this week.



I noted before in an earlier post about Greece being the start of the problems in Europe.

http://tradersutra.blogspot.com/2010/02/is-greece-really-bear-stearns-of-europe.html

The above graphic clearly points out that similar problems are evident in Portugal, Spain, and Ireland. The CDS market is telling you loudly who (US,UK, & Japan) are in fact Too Big To Fail. The more debt you owe the more systemic your country becomes. One would think that Belgium (EU Headquarters) is next. The debt levels per % of GDP are worse then Ireland, Portugal, and Spain as well as CDS insurance is currently cheaper.