Banking: we need to put our money where our mouth is

If you want to get an unambiguous view of what the government’s banking policy is, look no further than page eight of the long-awaited report on the prospects for developing a community banking model in Ireland.

“The government’s priority is facilitating a functioning and competitive private market and reducing its shareholding in a manner that recovers the taxpayers’ investment over time,” states the report, which dropped late last Wednesday afternoon.

For many years, ...