Banking data for Ireland seen by "The Irish Times" indicates that direct euro zone lending to Irish banks was almost irrelevant to the bubble in Ireland. Sounds like Anglo the Musical needs to be rewritten.
"by mid-2008 the UK-sourced funding in Irish domestic banks was 80 per cent of the total. US-based funding accounted for 13 per cent in 2008, while 5 per cent came from off-shore funding, where the nationality of investor is not clear. Which leaves 2 per cent of total Irish bank funding directly from the euro zone."
Something we could already tell from simple observation in Ireland is now finally confirmed too by official data. Besides the Irish investors we are bailing out UK and US based depositors and bondholders in Irish banks. I'd like to see more of this data from the Irish Times.