Thursday 23 February 2017

We can learn a lot from how Denmark handled its crash

Brendan Keenan

Brendan Keenan

Denmark handled its banking collapse differently to us
Denmark handled its banking collapse differently to us

JUSTICE is not only supposed to be blind, she is supposed to be unemotional. So it proved in the 'trial of the decade' involving the three former senior executives of Anglo Irish Bank.

Some analysts have suggested that there was more to the surprisingly muted public reaction than just the deadening hand of judicial proceedings. They surmise that people have replaced anger with a more general understanding of the complex processes which led to the collapse of Anglo and the near-collapse of the entire banking system.

There may be something in that but it probably also has a lot to do with the passage of time and even the feeling that the worst is over. The level of residual anger may well depend on the size of an individual's losses from the crash – whether income, employment or family – and that varies a lot from person to person.

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