The great EU debt write off Starting positions May 17 th Contact: Anthony J. Evans, ESCP Europe Business School (cc) Anthony J. Evans 2011 |

Portugal Maturity P Portugal I Ireland I Italy G Greece S Spain B Britain F France G Germany € bn Total Short <1 yr Med. <5 yrs Long 5 yrs € bn Total

Ireland Maturity P Portugal I Ireland I Italy G Greece S Spain B Britain F France G Germany € bn Total Short <1 yr Med. <5 yrs Long 5 yrs € bn Total

Italy Maturity P Portugal I Ireland I Italy G Greece S Spain B Britain F France G Germany € bn Total Short <1 yr Med. <5 yrs Long 5 yrs € bn Total

Greece Maturity P Portugal I Ireland I Italy G Greece S Spain B Britain F France G Germany € bn Total Short <1 yr Med. <5 yrs Long 5 yrs € bn Total

Spain Maturity P Portugal I Ireland I Italy G Greece S Spain B Britain F France G Germany € bn Total Short <1 yr Med. <5 yrs Long 5 yrs € bn Total

Britain Maturity P Portugal I Ireland I Italy G Greece S Spain B Britain F France G Germany € bn Total Short <1 yr Med. <5 yrs Long 5 yrs € bn Total

France Maturity P Portugal I Ireland I Italy G Greece S Spain B Britain F France G Germany € bn Total Short <1 yr Med. <5 yrs Long 5 yrs € bn Total

Germany Maturity P Portugal I Ireland I Italy G Greece S Spain B Britain F France G Germany € bn Total Short <1 yr Med. <5 yrs Long 5 yrs € bn Total