From Megan McArdle's post about the difficulty of leaving the eurozone, here's a country-by-country list of bank assets as a percentage of GDP:

  • Luxembourg: 2,461%
  • Ireland: 872%
  • Switzerland: 723%
  • Denmark: 477%
  • Iceland: 458%
  • Netherlands: 432%
  • United Kingdom: 389%
  • Belgium: 380%
  • Sweden: 340%
  • France: 338%
  • Austria: 299%
  • Spain: 251%
  • Germany: 246%
  • Finland: 205%
  • Australia: 205%
  • Portugal: 188%
  • Canada: 157%
  • Italy: 151%
  • Greece: 141%

(For comparison, total banking assets in the U.S. are equal to approximately 82 percent of GDP.) Hat tip to Tyler Cowen for the post title.

We published Gabriel Stein's How To Leave EMU yesterday.