We could also use this opportunity to revisit the Growth and Stability Pact (which accomplishes the latter to the detriment of the former...)
Oh, and, for purposes of analysis, the UK is not in Europe.
Bloomberg has a list with the announced losses by bank. Roughly 50% of all losses are from US based banks, a bit more than a 6th by UBS and Credit Suisse. About 10% by German banks, about 5% by French banks and in the same order UK banks. Interestingly the more than 44 bn dollar losses of Swiss banks are of course the biggest compared with the GDP of the country where they are based. Gemach, gemach
CHF - worth a US Dollar today. Perhaps in more ways than one.
