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Jun 25, 2011

Banks Exposure as a % of Captial To PIIGS Government Bonds

The Economist made the next graph with the Northern Eurozone Banks Exposure as a % of Captial To PIIGS Government Bonds. The economist says: 'A Greek default could precipitate defaults in other euro-area countries. Partly because banks have reduced their holdings of Irish and Portuguese bonds, they should be able to cope if these countries joined Greece in default or in restructuring their debts. However, if contagion were to spread to Spain or Italy, and banks had to accept losses on their governments’ bonds, the sums would look grim even for some banks outside the affected countries. Italy owes €1.8 trillion, or 120% of a far bigger GDP than Greece’s, Ireland’s or Portugal’s.'



Due to a request by the Economist this graph has been removed. 

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