Tuesday 28 February 2017

Thomas Molloy: Our bankers in demand as EU dodges debt trap

French President Nicolas Sarkozy and German Chancellor Angela Merkel at a news conference in Berlin
French President Nicolas Sarkozy and German Chancellor Angela Merkel at a news conference in Berlin

IRISH central bankers and even ordinary bankers are in demand on the Continent these days as their European counterparts try to learn the lessons from our banking problems.

With every day that passes, the problems of Europe's large banks resemble the problems encountered by our own banks three years ago when this crisis began.

Like neighbours who discover a crack running through a garden wall, France and Germany appear to have finally accepted that recapitalisation is inevitable although they are still squabbling over the bill.

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