The Aged P

…just toasting and ruminating….

20 March
Comments Off on UK Banks…Much Safer Than Cypriot Banks…Aren’t They?

UK Banks…Much Safer Than Cypriot Banks…Aren’t They?

Oh how we are laughing at those crazy Cypriots….debt and bank assets as a percentage of GDP equals a humungous 700%. No wonder they are caught between Merkel and Putin…

If you have a banking sector that size you’re asking for trouble – for how can a state guarantee for depositors be credible? If the banks go under the state wouldn’t be able to rescue the savers

How much better off we are in the UK with our own rock solid banking structure – we are just a mere 450% …..

WTF? 450%?

Worse than those basket cases in Spain and Italy?

No problem….you can always trust a British banker….lol

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