[1]Update: due to popular request, the definition of EAP5 is as follows: "EAP5 are Italy, Spain, Portugal, Greece and Ireland", less politically correctly known as the PIIGS. See here [8].
This chart from Credit Suisse cuts through all the propaganda BS like a hot knife through butter.
[9]
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10741
[3] http://www.zerohedge.com/taxonomy_vtn/term/178
[4] http://www.zerohedge.com/taxonomy_vtn/term/11787
[5] http://www.zerohedge.com/taxonomy_vtn/term/9119
[6] http://www.zerohedge.com/taxonomy_vtn/term/12082
[7] http://www.zerohedge.com/taxonomy_vtn/term/8729
[8] https://doc.research-and-analytics.csfb.com/docView?language=ENG&source=emfromsendlink&format=PDF&document_id=925089241&serialid=P%2FiQPVB983O8URDvZqkqzVI7mFqk2riQpXna2Ob5tEc%3D
[9] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/01/Bank%20Run.jpg