We’ll give you a hint: Dresdner’s chart of bank liabilities relative to GDP (Eurozone/G10) may be green for a reason.
*Update* As per comments below, Dresdner have gotten back to us, and there was indeed a mistake:
“I’m afraid to say, It looks like our outsourcing guys in Manila used the wrong exchange rate in compiling the data for Ireland. I’ve re-checked the figures and the number for Ireland is 368%.”
Clearly the Philippines has something against Ireland.
The corrected chart is now here.
Related link:
Ireland: Riskiest sovereign debtor in Europe – Alea