Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
Which opens another interesting question: How much of this reduced exposure comes from transfers from the investment portfolio to the trading portfolio of the same bank?

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Jun 15th, 2011 at 09:59:11 AM EST
[ Parent ]
No part of it? The figures shown are summaries for private banks resp. insurers in Germany.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Wed Jun 15th, 2011 at 10:05:23 AM EST
[ Parent ]
The "exposures" look like "total principal value". While the market value of some greek bonds has indeed collapesed by 1/2, that's not the case for other countries. So, while you could have "halved your exposure" to Greece by changing the accounting convention from investment to trading, you can't have reduced your Spanish exposure by 1/2 other than by selling (or failing to roll over maturing) bonds.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Wed Jun 15th, 2011 at 10:09:28 AM EST
[ Parent ]

Display:

Top Diaries

In which I defend Wolfgang Schäuble

by rz - Jul 15
24 comments

I'm done with the EU

by tyronen - Jul 13
228 comments

The Greece Blame Game

by Frank Schnittger - Jul 20
29 comments

The democractic insolvency

by rz - Jul 16
23 comments

Scape goating Greece

by Frank Schnittger - Jul 13
25 comments

Occasional Series