Wednesday 21 March 2018

Brendan Keenan: Like Butch and Sundance, eurozone must leap as one

SO it's all Seanie FitzPatrick's fault, then? The man who broke the bank, not just in Monte Carlo, but in the whole of Europe?

Well, maybe not. But, according to analysis by two economists at the International Monetary Fund (IMF), the failure of Anglo Irish Bank was the trigger for the unfolding eurozone crisis that now threatens the very survival of the single currency.

Those chances of survival faded further yesterday. The barbarians of the financial markets arrived at the gates of Berlin itself. In an event that would have been unthinkable even three weeks ago, not enough institutions could be found to give the German government €6bn in 10-year loans.

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