to wonder why the eurozone doesn't just

[donteatyourteawithnoknickerson]

cancel out each others debts?

I've just been looking at the BBC news site and each country owes each other - is it too simplistic to ask why they don't just cancel out? For example - I owe you a fiver, you owe me a tenner, so you give me £5 and we're all square, right? Wouldn't this help enormously? Worldwide?

Is there some complex financial stuff I'm not aware of?

Hmm some really useful comments there, I did look at that BBC diagram, that's what got me thinking. I agree that most of our savings are probably invested overseas anyway. Keep the opinions coming :)