Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Note this is currency reserves as a multiple of net energy imports, not as a fraction of GDP. In absolute terms, Ireland has $1bn in reserves which is not small potatoes.

Question: given this, would it make more sense to change the second chart to have both axes as a fraction of GDP?

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Carrie (migeru at eurotrib dot com) on Tue May 27th, 2008 at 07:20:13 AM EST
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