17 November 2010

The other shoe Part 2

Further to my last two posts, I am grateful to Burning Our Money for this graphic of British banks' exposure to Spain, Greece, Ireland and Portugal.

As the man said, "overall exposure to the Irish economy is by no means trivial", but it's come whistling down from the peak a year ago, which shows an unexpected amount of intelligence at work.

Damn that British understatement - you never know when it's for real. Now what do I do with all the tinned goods I bought?

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