Growth of Irish banks left economy exposed
With both institutions currently on their knees, the future of the Irish banks has become the subject of open debate.
Colm McCarthy, in a recent piece on the Irish Economy website, lamented that the Irish banks had not been taken out in a pan-European consolidation before the credit crunch ended their short period in the sun. For years the argument went that we needed a healthy number of Irish banks in order to keep them on their toes.
