Weekly e-Briefing 6. Financial Impact of Southern Europe’s Debt Crisis

Financial Impact of Southern Europe’s Debt Crisis

The concern of physical deficit of  so-called PIGS countries- Portugal, Italy, Greece and Spain- is now spreading to other countries. Korea is enjoying very good comments from IMF, World Bank and OECD, uniformly that Korea’s physical state is relatively strong. The Korea’s exposure to these 4 countries accounts for 650 million USD, which is 1.2% of total exposure. and Korea’s physical debt to GDP is 2.8% compared to Greece, 12.7% and foreign reserve stands at 270 billion USD.  Please visit http://www.fsc.go.kr/eng/index.jsp for more details.

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About FSC Korea
The Financial Services Commission has been established for the purpose of protecting the integration of Korea’s financial markets by promoting sound credit system and fair business practices. To this end, the FSC serves as a consolidated policy making body for all matters pertaining to supervision of the financial industry as a whole. To raise the efficiency, the posts of the FSC Chairman and the FSS Governor were separated on March 2008 for clear distinction between policy-making and execution of financial market supervision

One Response to Weekly e-Briefing 6. Financial Impact of Southern Europe’s Debt Crisis

  1. FinPol says:

    Great information!

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