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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: dalroi who wrote (99342)3/18/2013 11:38:09 AM
From: elmatador  Respond to of 220218
 
Cyprus banks assets at 800% of GDP, same as Ireland, Iceland once stood at 1000%, but it's an order of magnitude smaller even than Cyprus, and not a Eurozone member, just like Malta, which presently stands at 1000%.

The picture may change for other Europeans, however, when they realize that overall EU bank assets in 2012 were 366% of GDP, at €47.3 trillion ($61.5 trillion). And if those numbers look too abstract, here's a comparison: in 2011, US bank assets were at 74% of GDP (€8.6 trillion), and Japan's 178% (€7.1 trillion). How about that for perspective?

Among individual member nations, bank assets vs GDP differ. France and The Netherlands clock well over 400%, Germany, Spain and Portugal over 300%, while Italy is well below 300%. That almost makes the latter look like a cautious nation, until you look at issues like government debt.

marketoracle.co.uk



To: dalroi who wrote (99342)3/18/2013 11:51:49 AM
From: elmatador6 Recommendations  Read Replies (1) | Respond to of 220218
 
TJ always warned about confiscation. Cyprus is the balloon floated to see how the masses react.