tag:blogger.com,1999:blog-8817171247555815363.post2321225515344728965..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: 05/07/2011: Pre-ECB council meeting noteTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8817171247555815363.post-78235980195628367242011-07-06T00:25:20.145+01:002011-07-06T00:25:20.145+01:00Nice analogy. Do you think a failure of Ireland an...Nice analogy. Do you think a failure of Ireland and our fellow 'patients' to repay debt could see France and Germany joining us in the hospital ward? Surely the sheer scale of the potential losses of French and German banks (I think their combined total exposure to PIGS is around 900 billion euros according to the BIS) would at the very least raise doubts about the fiscal stability of the two countries at the very heart of euroland.Jack Costellonoreply@blogger.com