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International Law

: Law of the EMU and euro

Irish Central Bank Governor: ?total loan losses about 55 per cent of this year?s GDP?

By Atilla Arda

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?I?m not sure that it is widely recognized just how big the actual and prospective loan-losses taken account of in the recapitalization of retail banks in Ireland has been. ? the total loan losses come to no less than ?85 billion, or about 55 per cent of this year?s GDP.?...

Full post as published by Law of the EMU and euro on November 13, 2010 (boomark / email).

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