Saturday, April 14, 2012

14/4/2012: An interesting data on Europe's capital flight

Capital flight continues within Europe out of the periphery and into core, according to this article from Bloomberg. If you must see a chart today, see this one


One feature worth considering is the data for Ireland, which appears to conflict with the CBofI data. Although outflows have abated in the chart above, they are certainly pronounced. According to CBofI, deposits are flat and according to the Government, other forms of capital are inflowing into the country like there is no tomorrow (which is disputed by Ireland's own BOP data).
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