at does all this mean to the UK?

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Re: at does all this mean to the UK?

Post by AjayBaji on Sat Jul 23, 2011 4:40 am

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ed this.

Prime Minister Jens Stoltenberg, whose Oslo offices were among those damaged by the bomb, described the situation as "very serious".

Norwegian media reports said the shootings on the isl

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Re: at does all this mean to the UK?

Post by AjayBaji on Fri Jul 29, 2011 4:20 am

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According to figures from the Bank for International Settlements, UK banks hold a relatively small $3.4bn (£2.1bn) worth of Greek sovereign debt, compared with banks in Germany, which hold $22.6bn, and France, which hold $15bn. When you add in other forms of Greek debt, such as lending to private banks, those figures rise to $14.6bn for the UK, $34bn for Germany and $56.7bn for France.

However, since a Greek default would have such a big knock-on effect for other troubled European economies, it would exacerbate the UK's exposure to Irish debt, which is rather lar

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