{"id":582568,"date":"2010-05-28T03:54:00","date_gmt":"2010-05-28T07:54:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/european-debt-maturity-profile-2010-5"},"modified":"2010-05-28T03:54:00","modified_gmt":"2010-05-28T07:54:00","slug":"italy-is-about-to-be-smashed-by-a-wave-of-debt-maturities-worse-than-greece","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/582568","title":{"rendered":"Italy Is About To Be Smashed By A Wave Of Debt Maturities Worse Than Greece"},"content":{"rendered":"<p>Here&#8217;s the most near-term and acute challenge for Italy and Spain right now. Both nations face a large wave of government debt coming due over the next three years, as shown by their debt maturity profiles below from <a href=\"http:\/\/www.spiegel.de\/fotostrecke\/fotostrecke-54629-6.html\">Der Spiegel<\/a>.<\/p>\n<p><strong><span style=\"text-decoration: underline;\">Italy:<\/span><\/strong> 251.5 billion euros of debt maturing this year, followed by 192.2 billion in 2011, and then 168.2 billion in 2012. <strong>This is about 32% of Italy&#8217;s $2.3 trillion GDP<\/strong> (GDP based on 2008 data from The World Bank).<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4bff70d47f8b9af37a9e0600-590-\/chart.png\" border=\"0\" alt=\"Chart\" width=\"590\" \/><\/p>\n<p><strong><span style=\"text-decoration: underline;\">Spain:<\/span><\/strong>&nbsp; 76.5 billion euros in 2010, followed by 84 billion in 2011, and then 61.2 billion in 2012. <strong>That&#8217;s about 17% of Spain&#8217;s $1.6 trillion GDP.<\/strong> In this sense Spain is in better shape.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4bff710b7f8b9aa755380000\/chart.png\" border=\"0\" alt=\"Chart\" width=\"590\" \/><\/p>\n<p><strong><span style=\"text-decoration: underline;\">Greece, of course also has a similar problem:<\/span> <\/strong>15.8, 31.3, and 31.7 billion euros of government debt coming due in 2010, 2011, and 2012 respectively. <strong>This is about 27% of Greece&#8217;s $356 billion economy.<\/strong><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4bff73c87f8b9a5d7b4b0600\/chart.png\" border=\"0\" alt=\"Chart\" width=\"590\" \/><\/p>\n<p>Thus on this front, Italy looks in similarly bad shape as Greece, though Greece&#8217;s currently collapsing economy compounds the problem while Italy&#8217;s meager economic growth helps a bit.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4bff752e7f8b9a8a54540500\/chart.png\" border=\"0\" alt=\"Chart\" width=\"500\" \/><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4bff75877f8b9a52537a0900\/chart.png\" border=\"0\" alt=\"Chart\" width=\"500\" \/><\/p>\n<p>GDP charts via <a href=\"http:\/\/www.tradingeconomics.com\/Economics\/GDP-Growth.aspx?Symbol=GRD\">Trading Economics<\/a>.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/european-debt-maturity-profile-2010-5#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/blHPPFF1bJg\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s the most near-term and acute challenge for Italy and Spain right now. Both nations face a large wave of government debt coming due over the next three years, as shown by their debt maturity profiles below from Der Spiegel. Italy: 251.5 billion euros of debt maturing this year, followed by 192.2 billion in 2011, [&hellip;]<\/p>\n","protected":false},"author":6205,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-582568","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/582568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6205"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=582568"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/582568\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=582568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=582568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=582568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}