Reply to: The UK in turn owes hundreds of billions to Germany and Spain.

[gingerjedi]

The debts are mostly long term bonds and stuffs; you can't cash em in like lottery tickets you know....

But none the less not as bad as the headlines try and make it seem.

[hyperD]

Well we've seen the blinds, I'm waiting for Germany to to say "all in" to the Euro hold'em contest and we can see who folds...

[doodab]

It's all the external debt of government, banks and other companies, and individuals. It's held by all sorts of foreign institutions and individuals. So it's not a case of uk owes france x and vice versa but of tesco owes credit lyonnais owes lloyds owes deutsche bank owes a pension fund owes your granny.

[tractor]

..

I've looked at that link a few times now but still don't understand how global finance works.

If 'A' owes 'B' £10 and 'B' owes 'A' £9 then it stands to reason that 'A' really owes 'B' £1 no?

I can't be the only one thinking this??

The debts are mostly long term bonds and stuffs; you can't cash em in like lottery tickets you know....

[scooterscot]

mouth shut and stop posting on this subject.

Der mouth has been closed ze whole time

[minestrone]

Now I'm really confused I thought it was the other way round.

BBC News - Eurozone debt web: Who owes what to whom?

Jesus wept.

If you cannot understand that graph and what it represents ( even after several hours ) you really should keep your mouth shut and stop posting on this subject.

[gingerjedi]

I asked myself the same question.

I don't get it.

I'm sure one of the resident 'experts' will enlighten us.

[Freamon]

I asked myself the same question.

I don't get it.

I assume it must include the sovereign debt that is owned by various private sector entities, i.e. US banks own X amount of UK govt debt, UK banks own X amount of US govt debt, etc.

[scooterscot]

I can't be the only one thinking this??

I asked myself the same question.

I don't get it.

[gingerjedi]

Now I'm really confused I thought it was the other way round.

BBC News - Eurozone debt web: Who owes what to whom?

I've looked at that link a few times now but still don't understand how global finance works.

If 'A' owes 'B' £10 and 'B' owes 'A' £9 then it stands to reason that 'A' really owes 'B' £1 no?

I can't be the only one thinking this??

[northernladyuk]

Oxo cubes. Ouch.

You listen to me dearie. Next time a punter says he wants to take you round the back of the service station, you want to run a mile.

[mudskipper]

Oxo cubes. Ouch.

[northernladyuk]

Met Pacha yet?

Can't meet the unusual but very specific contract terms. Had a vindaloo last night and normally it leaves me with a terrible tummy for a couple of days - he says he likes the extra lubrication. Today, though, I'm right as rain so he cancelled and is threatening to take me to court for unliquidated damages. I asked the old man where I stand but he told me to use the search function in the top righthand side of the page.

[TestMangler]

WGAS?
You need to get a life and some mates, it's the fooking weekend for chrissakes.
You're definitely the saddest, loneliest fooker on CUK.
And I'm guessing you have no middle class resources like a fondness for books or the arts which might help you cope with your lack of friends.
I'm off to the pub to meet my mates now

That'll be your 'special mates'. The ones no one else can see ?

[mudskipper]

It beats working the streets. It's freezing out here, but Christmas won't pay for itself.

Met Pacha yet?