We found this great chart posted over at New N Economics by Rebecca Wilder. She points out the non-financial corporates have been fleeing Irish banks since 2007 and households 2010 to the tune of 14 percent of GDP. Irish banks now borrow about one quarter of what they lend from the ECB,. The ECB exposure to Irish banks is more than Euro 100 BN, or close to 100 percent of the country’s GDP.
(click here if chart is not observable)