Heres a really useful (and informative) graphic from Der Spiegel.
It compares the 3 key economic indicators for the PIIGS, France and Germany. Note how the EZ crisis is now boiled down to just the pivotal 7 of the 17 members; the Franco-German leadership duo and the PIIGS crisis countries. For reference: the Maastricht Criteria for entry to the euro started that…
- ‘Sovereign Debt: GDP ‘ be 60%
- ‘Budget Deficit‘ does not exceed -3%.