Worst-case scenario looms

State takeover of the banks is becoming a very real possibility, but is it the right thing to do and how will it affect the Irish economy?

7th November, 2009

Which one of the two big banks will be nationalised first? This sounds fanciful, but events in the last few days suggest that the perception of the Irish banks has changed profoundly - for the worse - and nationalisation is on the cards. This means we now face the possibility that we will have the guarantee, Nama and the nationalisation of one of the big two banks all at once.

In a sense, to use...

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