IMAGES: Who Loaned Greece all that Money?

Just as we asked ourselves back in August, 'who loaned the United States all all those 15 trillion dollars?,' now we must ask 'who helped out Greece?'

Some say that the Greek nation has an indescribable amount of debt, but here at Wealth Wire we'd like to take on that challenge and show you precisely how much debt Greece is facing. Let us break down the images here for you:

Here is €100 which is equal to $131: enough to buy dozens upon dozens of little containers of Greek yogurt.

€10 Thousand (€10,000)

Well aside from a serious amount of yogurt, you could probably buy yourself a house in Detroit for this chunk of cash.

 

€1 million (€1,000,000)

No, this isn't a Guy Ritchie film with stacks of millions of euros being tossed around. This "modest" stack is worth about $1.31 million and would take (based on the global average) more than 92 years of work to accumulate yourself.

€100 million (€100,000,000)

This outrageously large stack reaches the height of an average man. Pretty impressive considering that some of the above-average men – CEOs at some of the big banks during the financial crisis – actually received that much money...as a bonus, nonetheless!

€2 billion (€2,000,000,000)

To adequately depict this amount of case you'll need a literal “truck-load" full of cash to show Greece's budget deficit, which is said to be €24,125,000,000. To give you an idea of what Greece will need to borrow in order to pay its debt, just imagine a stack of 12 of these trucks together in order...and that's just enough to avoid bankruptcy...for this year only!

Now who loaned Greece all the money? Detail by lender

(from left to right)

One truck:

€2.0B from France's CNP Assurances and €2.0B from Groupama

Two trucks:

€2.3B from Greece's Marfin Group and €2.9B from France's Societe Generale

€2.9B from Germany's Commerzbank and €3.0B from Italy's Generali Group

€ 3.7B from Greece's Alpha Bank Three trucks: (right) €4.6B from Greece's Deutsche Bank

€5.0B from France's BNP Paribas and €6.0B from Greece's Bank of Greece

Four trucks:

€6.3B from Germany's FMS Wertmanagement and €8.0B from Greece's Piraeus Bank

Five trucks:

€9.0B from Greece's Eurobank EFG and Seven truck: €13.1B from Europe's National Central Banks

Ten trucks:

€18.6B from National Bank of Greece and Eight trucks: €15.0B from the International Monetary Fund

Thirteen trucks:

€25.0B from World Governments and Fifteen trucks: €30.0B from the Greek Public Sector

Nineteen trucks: €38.0B from the European Union and 23 trucks: €45.0B from Eurosystem SMP

...and the rest of the €110.9B was from everyone else...

€360 billion represents Greece's total debt (€360,000,000,000)

 

This figure stands for Greece's government debt in its entirety. Just think about this for one moment...That's over 473 billion U.S. dollars! And this is what it would look like if that much money had to be transferred via truck. *Now, keep in mind: when money is loaned to Greece, it is transferred via wire...costing practically nothing for them to arrange the transfer. 

 

 

Two perspectives of this massive debt:

 

“In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.”

-Ezra Pound (1885-1972 American poet/critic)

Or would you rather have those trucks charging at you? Here's your second perspective...

*Sources: ZeroHedge.com, Barclay Bank, and Demonocracy.info

 

Here is €100 which is equal to $131. Enough to buy dozens and dozens of Greek yogurts.