It may take generations to pay for bankers’ greed

THERE is an old saying in business: when you owe the bank €100,000, you worry, but when you owe them €10 million, they worry.

The logic of course is that the deeper into the bank vault you go, the more the tail wags the dog.

The situation presupposes no morals on either side and while it is self-perpetuating, it is not sustainable in the long run.