HOW CRAZY CAN IT GET ?

1. Greek  Irish, Italian, Portuguese and Spanish governments borrowed € 560 billion from the banks shown below. How will banks get it back?

• Intesa San Paolo (Italy) € 61.76 billion
• Banco Bilbao Viscaya Argentaria (Spain)  € 60.8 billion
• Unicredit (Italy) € 51.83 billion
• Banco Santander (Spain) €  50.53 billion
• BNP Paribas (France) €  41.13 billion
• La Caixa (Spain) €  36.81 billion
• Banca Monte dei Pashi di Siena (Italy) €  32.96 billion
• Bankia (Spain) €  25.4 billion
• Dexi (France/Belgium) €  22.6 billion
• Barclays (UK) €  20.2 billion
• Commerzbank (Germany)€  19.6 billion
• National Bank of Greece (Greece) €  18.8 billion
• Société Générale (France) €  18.2 billion
• Crédit Agricole (France)  €  16.6 billion
• HSBC (UK) €  14.5 billion
• Deutsche Bank (Germany) €  12.8 billion
• Banco Popolare (Italy) €  12.0 billion
• ING (Netherlands) €  11.2 billion
• Hypo Real Estate (Germany) €  11.0 billion
• UBI Banca (Italy)  €  10.5 billion
• RSB (UK) €  10.4 billion

2. The citizens of Greece, Ireland, Portugal and Spain owe € 2.91 trillion to 13 banks

3. Bank Exposure

• French banks lent 9% of France’s GDP to Spain;
• Dutch banks lent 16.4% of the Netherland's GDP to Spain;
• Portuguese banks lent 13% of Portugal’s GDP to Spain.
• German banks lent 12% of the German GDP to Ireland and Spain
• British banks lent 9.4% of the UK GDP to Ireland and another 5.7% to Spain.