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Stable PIGS-Exposure of Austrian Banks
The last quarter of 2010 has brought only minor changes in the total amount of lending to the four countries in southern Europe by Austrian banks.
Stable PIGS-Exposure of Austrian Banks / Picture: © Vindobona.org
The latest statistics of the Bank for International Settlements (BIS) show that Austrian banks have slightly reduced their exposure to the PIGS-states (Portugal, Italy, Greece and Spain) during the final quarter of the last year; large movements have not been registered.
By the end of December 2010, Greek debt (sovereign and private) amounted to $ 3.35bn in the Austrian banks’…
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