The debt crisis in the European Monetary Union as seen by a 9-year old.

[randomness]

From a research note by Michael Cembalest of J. P. Morgan, yesterday:

To examine the various factions, I consulted Peter Cembalest, who specializes in conceptualization of such phenomena. Peter (age 9) uses Lego Minifigures as a medium, and assisted me with the diorama on the next page. It identifies the 12 players in the EMU Debt Crisis most likely to affect policy from here; red lines indicate who each entity believes should be stuck with the cost.

Full note with larger graphic and key to figures here (pdf). (Via Felix Salmon's blog at Reuters.)

Comments

[achinhibitor.livejournal.com]

10. "Lots of arrows point in this general direction."

Yeah.

I'm proposing this skit:

How f--ked are we, Johnny?

We're really f--ked, Ed!

But a number of US states defaulted in the 1830s and 1870s and the US monetary union survived.