Irish bond grenades explode in Berlin

Several German banks that blew up during the credit crisis had operations in the IFSC

19th February, 2011

The more you look at the links between troubled German banks and troubled Irish ones , the more you notice that many of the German banks have exploded with the help of bond grenades made in Dublin.

Many of the German banks that blew up during the credit crunch had subsidiaries at Dublin’s International Financial Services Centre.

Chief among these was the giant Depfa, which is being bailed out at a cost to the...

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