Nippy Zippy New Zealand

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November 27, 2012 by richandrenee

The net international investment position (NIIP) is a financial statement that measures a country’s debt/credit position. Despite the fact that it is rather popular in New Zealand to “tut tut those Greeks and Spaniards for messing with our house prices”

Spain 2010 1062.591 bil. €[73] 2010 -925.600 bil. €[74] −87.1[75]
New Zealand 2009 185.850 bil. NZ$[76] 2009 -167.517 bil. NZ$[77] −90.1
Greece 2010 227.318 bil. €[78] 2010 -210.262 bil. €[79] −92.5[80]
Ireland 2009 160.596 bil. €[81] 2009 -157.075 bil. €[82] −97.8
Portugal 2009 168.586 bil. €[83] 2009 -184.017 bil. €[84] −108.5

Now for the zippy or at least the zirpy

Here it is at 2:12 US$3000 per Kiwi!!! Just imagine what that’s been fractionally (fictionally) reserved into in a country that has a less than 4% reserve ratio for the tier 1 banks. 😦

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