Oh yes because pouring cheap credit on an over heating market worked out so well for Ireland the last time around! Now we need someone to claim but it is different this time around and how it could not possibly happen again!
Are you implying that in the absence of the Irish Central Bank being able to set our interest rates, the Irish government are deliberately encouraging lack of competition in Irish banking sector in order to keep interest rates high??? I think that's a mis-overestimation of their abilities!
Note that the ECB rate was 4% in 2007... what should it have been in your opinion?
Sparkasse are in talks with An Post. An Post may service Sparkasse product. Source: Sunday Business Post.
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