 The amount coming due in 2012 (including interest payments) is: $3.1 trillion - Japan
$3.0 trillion - USA
$500 billion - Italy
$421 billion - France
$330 billion - Germany
$235 billion - Canada
$232 billion - UK
$200 billion - Brazil
$162 billion - China
$96 billion - India
$22 billion - Russia Not included in the list are smaller nations like Spain or Ireland. Especially challenging will be the year for Italy, which auctioned government bonds for 8.5 billion Euros late in December but was only able to find buyers for 7 billion. Italy would need such an auction every week in 2012 to avoid bankruptcy. But of course the central banks can and probably will just print enough money to solve the situation: “The market is now flush with liquidity after measures taken by central banks, particularly the ECB, and that’s great news for risky assets,” Fabrizio Fiorini (chief investment officer at Aletti Gestielle SGR SpA in Milan) said in a telephone interview on Dec. 20. “The market will have no problem taking down supply from countries like Spain and Italy in the first quarter.” | 
The CEO of the second-biggest french retail chain is reporting that some of his suppliers have to face increases in costs of up to 20% and: "In the year 2012 the financial crisis will reach the real economy in a way in which we will all have to pay for the insanity. By higher sales taxes, higher garbage fees, etc." 
