USA is #1!

[kittenOFchaos]

There will be a default from Greece etc. What the Euro countries have been trying to do is buy time - to prepare for the inevitable default.

[Tupac Shakur]

If you count just bank debt then the UK owns Sterling 139bn while Germany owns Sterling 129bn but that doesn't count Irish government debt holdings which the UK holds very little of and Germany holds a good amount of. That means the second the Irish government nationalized the banks Irish national debt came into question and, yes, over all Germany had the biggest risk when you include both private and public debt exposure.

http://www.kathylien.com/site/forex-...atest-exposure

You're wrong Oerdin, as usual. The UK holds the most of Ireland's bank debt, and also the most of Ireland's overall external debt.

http://www.bbc.co.uk/news/business-15748696

I'm not naive enough to think you'll accept basic facts, however, so I anticipate you'll have some retarded rejoinder to this post.

[Dinner]

Why are the numbers in the BBC article so radically different from the Guardians numbers? Those numbers are around 1/3rd less.

[Dauphin]

Ireland transformed itself from one of the poorest countries in Western Europe to one of the wealthiest. The financial crisis, as bad it has been for Ireland, hasn't changed that.

Quite. Just think what would happen to FDI if it was succesfully forced to increase its corporation tax rate in order to receive bailout funds.

[dannubis]

picnic

I knew that

[dannubis]

Ireland transformed itself from one of the poorest countries in Western Europe to one of the wealthiest. The financial crisis, as bad it has been for Ireland, hasn't changed that.

As usual dip**** Drake is wrong. In thsi instance he doesn't realize that the celtic tiger phenomenon was largely fueled by a real estate bubble combined with European subsidies.

[Tupac Shakur]

the celtic tiger phenomenon was largely fueled by a real estate bubble

You have your causality backwards.