Banks a long way from normality
We need, once and for all, to break the link between banks and sovereign governments.
We are still carrying the banks - or at least a section of the population are. When AIB puts up its standard variable mortgage rate by 0.4 per cent, just before the ECB cuts its rate by 0.25 per cent, it is clear that our financial sector remains far from normality. If this seems unfair on those holding standard variable mortgages, then that it is because it is. Yet the banks and the shareholder with...
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