In case you haven’t heard, everyone’s freaking out over sovereign debt.And it makes perfect sense. Using the 5-year credit default swap spread as a benchmark, one can now check out just how risky some countries have become in recent years. Remember: two years ago, no one in the world would have thought that Dubai would default.
But let’s step back a second.
CMA Vision has put together an excellent presentation on the situation all around the world in various regions. A quick read through this will get you caught up on who is weak and who is strong.