[GEaston]

Greece was a special case that was additionally bailed out by the IMF. We are part of the IMF as indeed are most other nations, so yes in that regard we have a minor exposure.

Ireland was a loan situation agreed on a bilateral basis between the UK govt and Ireland. The UK considered the actual collapse of Ireland to be too great a risk to our country so went and lent them some. What we lent to Ireland is a tiny fraction of ECB lending of which we take no part.

In reality there's so much cross lending that its hard to know extent of it, but as I've said elsewhere I believe modern day finance to be something of a giant Ponzi scheme.