So, we're are putting another €24 Billion into the banks. This brings the total since September 2008 to €71Billion (click HERE).
Comprehending this figure is impossible but what's more incredible is how it was allowed to happen.
We're now going to go back to just 2 commercial banks in the country. Therefore a duopoly will probably occur. No foreign banks will be coming here for a long time. Competition is effectively gone.
Competition in the marketplace is always reeled out as the answer to everything.
What's the answer now?