For much of the discussion about “Ireland is not [insert a euro ‘peripheral’ country name here]”, here are comparatives in terms of banks lending to private sector in November. Predictably and as mentioned earlier on the blog, our lending is still contracting. On the ‘positive’ side, it is contracting less in Greece, Spain and Portugal for non-financial corporates, and less than in Greece, but more than in Spain and Portugal for households.
For the sake of my own physical and mental health, I am not going to give you a judgement of what this means. Draw your own conclusions.
Note: I just realised I forgot to link to the source on this.