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Tremble, taxpayers

Posted by Tracy Alloway on Oct 08 14:56.

… before this chart from Citi. It shows European bank assets as percentages of their host country’s GDP.

It also goes some way towards explaining why Iceland didn’t come to Kaupthing‘s rescue.

Citigroup - European bank assets relative to host country GDP (%)

Related links: 
Europe’s financial fear rankings – FT Alphaville
AIG and an overlevered Europe? – FT Alphaville

This entry was posted by Tracy Alloway on Wednesday, October 8th, 2008 at 14:56 and is filed under Capital markets. Tagged with , . Edit this entry.

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