SBP editorial: Ten years of special treatment for banks is more than enough

18th March, 2018

It’s been ten years since the so-called St Patrick’s Day massacre, when shares in Anglo Irish Bank collapsed. In the intervening decade, public policy has focused on saving and rehabilitating Ireland’s battered banks. At times, the needs of the financial institutions have been put before those of rank-and-file taxpayers. However, there is growing evidence that those taxpayers have had enough of the dysfunctional dynamic between bank and state.

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