Friday, April 27, 2012

No Matter. It Is Easily Affordable With Our Super-Strong Economy.

Frankfurter Allgemeine Zeitung cites Open Europe’s figures showing that the ECB’s exposure to the PIIGS (Portugal, Italy, Ireland, Greece & Spain) now tops €917bn, an increase of 106% from a year ago. The article notes that €703bn of that exposure is in lending to banks in these struggling countries. (Open Europe.)

Phew.