Cookie Notice

However, this blog is a US service and this site uses cookies from Google to deliver its services and analyze traffic. Your IP address and user-agent are shared with Google along with performance and security metrics to ensure quality of service, generate usage statistics, and to detect and address abuse.

Tuesday, 12 June 2012

UK's €1 trillion cash hoard - where?

Following from the post below, the last study I can find on the extent of cash hoarding by UK firms is from the Centre for European Reform, back in March, quoted in the WSJ. The CER is fairly pro-EU, but not uncritical. UK firms are holding an extraordinary €1 tn in cash, whilst the Eurozone nations' firms are holding €2 tn between them.

One can only sincerely hope that they're keeping the €1tn cash in bonds, gilts, the Post Office Savings Bank or under the MD's mattress - anywhere, in fact, but on deposit with the Zombie banks.

No comments: