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| There's real power, and then there's just power |
Seen here this morning:
"We now have a total exposure of €130bn to Greece, that makes us the biggest depositor."
That's actually more than was on deposit at the end of May: 129.9 billion EUR. Deposits are down 108 billion EUR since September 2009, about 45%, squirreled away in other banks outside Greece, and under mattresses at home, which makes it a little risky to leave, say to protest in the streets. Europe has played Greece like a fiddle.
