Thursday 23 November 2017

Steve Slater: Madrid should look to Dublin for answers on banks and investor reassurance

MADRID could do worse than look to Dublin for clues on how to fix the problems with the nation's banks and reassure investors, and how not to make all the same mistakes.

Ireland shored up its banks in March last year, at its fourth attempt at trying to convince investors it had given lenders enough capital to halt an exodus of depositors and stabilise the industry.

Its borrowing costs have since fallen - the only country to see that after a bail-out - its banks are slimming down, and losses are being swallowed.

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