Words ought to be a little wild, for they are the assault of thoughts on the unthinking
- J.M. Keynes

Thursday, 23 February 2012

Eurozone Bank Deposit Trends

There is no giant sucking sound as deposits are pulled from peripheral nations and sent to the core. Wonder when corralito will be announced in Greece and the rest? Images below speak louder than words (Rebased with Jan-09 deposits as 100%).















Source data: IMF, Bloomberg

Jargon translation:
GGB - Greece
PGB - Portugal
ITALY - Italy
SPGB - Spain
IRELND - Ireland
DBR - Germany
NETHER - The Netherlands
RAGB - Austria
FINL - Finland
FRTR - France

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