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Reuters: German insurers halved Greek debt exposure -report (9 May 2011)
German insurers halved their exposure to the sovereign debt of Greece in the year to March and slashed holdings in Irish, Portuguese, Spanish and Italian debt, according to a report for Germany's parliament.

Their exposure to Greek debt fell to 2.79 billion euros in March 2011 from 5.83 billion a year earlier; Irish debt holdings fell to 3.89 billion from 7.13 billion; Italian debt to 20.04 billion from 27.79 billion; Portuguese debt to 2.79 billion from 4.50 billion and Spanish to 9.06 billion from 20.93 billion.

The data came from a report on German insurers' exposure to sovereign debt prepared for the finance committee of the lower house or Bundestag, which was obtained by Reuters on Thursday.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Mon Jun 13th, 2011 at 11:59:48 AM EST
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