Domestic Bank Holdings of General Government Debt

Domestic Bank Holdings of General Government Debt

Figure 4. Domestic Bank Holdings of General Government Debt: Greece, Ireland, Portugal, and UK, 2008-2010, end-of-period (as a percent of gross general government debt) Sources: See Kirkegaard and Reinhart (2011) for individual country sources, International Monetary Fund, World Economic Outlook. Notes: Holdings of both general government loans and securities. Totals do not include European Central Bank (ECB) bond purchases of the three troubled sovereigns. These purchases totaling about €76 billion over May 2010- March 2011, account for about 12 percent of the combined general government debts of Greece, Ireland, and Portugal. Does not include government debt holdings by pension funds.