German Bank Exposure To Greece Is Nothing When Compared To Spain And Italy

The Business Insider ^ | 5-5-2010 | Vincent Fernando, CFA

[blam]

German Bank Exposure To Greece Is Nothing When Compared To Spain And Italy

Vincent Fernando, CFA
May. 5, 2010, 5:59 AM

German banks' exposure to Greece is huge, at 33 billion euros as shown in the graphic from Der Spiegel below, but their exposure to Italy and Spain is far larger at 123.5 and 156.4 billion euros respectively. They also have almost as much exposure to Portugal as they do to Greece. The chart below shows just how much money European nations owe German banks and perhaps why Germany needs to nip the current Greece crisis in the bud and hope it doesn't spread to other nations.

[snip]

[screaminsunshine]

Inflation will be the way out for them. We will have to inflate to keep the Dollar even. Just what Obama wants. An excuse to print.

[Buckeye McFrog]

Had an interesting chat with a bank manager yesterday. He was from a small institution that did not get involved in the mortgage mess and has remained relatively healthy. He says the Obama Administration (Tax Cheat Timmy and his minions) have come in and helped themselves to nearly $5 million of his bank’s assets, through fees, administrative judgements and other trickery. That money is being redistributed to the banks that screwed-up to cover their losses. “We did things the right way, we didn’t take undo risks or mismanage our accounts. But now we are paying for those who did. (I don’t recall whether he used the word Rape, Plunder or Pillage....perhaps it was all three).

You can just imagine what they will be doing if we are called upon to bail out the German banks.

[pepsi_junkie]

I used be envious that a generation ago that an American with money could really do well in Europe, travel all over, buy up all the art, have a nice home on a coast, all that and for cheap. I would sigh and think what a shame it is that Europe has become so expensive in recent decades.

When the economy of the EU collapses I suppose those glory days where an American can wave a couple of bucks around and get all sorts of nice things will return, at least until our own economy tanks. I think we'll last a little longer, so plan your vacation to Europe for next Summer!

[pepsi_junkie]

“We did things the right way, we didn’t take undo risks or mismanage our accounts. But now we are paying for those who did. (I don’t recall whether he used the word Rape, Plunder or Pillage....perhaps it was all three).

And more evidence that "Atlas Shrugged" is playing itself out, like it was a book of prophecy rather than a novel. Sounds like your associate was bitten by the real-world equivalent of the "Anti Dog-Eat-Dog Competition Law".

[Moltke]

Wow, that Ireland exposure is huge.

Looks like the German banks need to come up with a new, more Germanic name for “Ireland”....they own that place.