Giving banks a break is no guarantee of growth
A key justification of the bank bailout in Ireland was that it would allow banks to keep lending to support the domestic economy.
A key justification of the bank bailout in Ireland was that it would allow banks to keep lending to support the domestic economy. But they have only managed to keep credit flowing at anaemic levels since receiving billions in recapitalisation funds.
Part of the reason for this is that banks have been made to shrink their balance sheets so they pose less of a risk to the taxpayer. You can't realistically ask banks to deleverage...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine