Scary Chart of the Day: Ireland’s Bank Run
I knew that the Irish deposit base was shrinking – I just didn’t realize the severity of the situation. In sum, €21.4 bn in household and non-financial business deposits have been drawn down since their respective peaks.
Irish businesses in aggregate have been in a silent bank run since 2007, households since 2010. So how big is €21.4 bn? Roughly 14% of Irish GDP.
This post originally appeared at News N Economics and is reproduced here with permission.
One Response to “Scary Chart of the Day: Ireland’s Bank Run”
Scary Chart of the Day : Vulnerable(?) Bank(s) « Föhrenbergkreis Finanzwirtschaft • July 26th, 2011 at 10:35 am
[...] up on Rebecca Wilder’s really interesting post, I came up with my own scary picture, at least if you are a Turkey economist, Turk or somehow [...]
