"Despite improving market sentiment, Irish banks are still making losses and may require yet more capital, while banking and sovereign debt will remain linked for years to come"BUSINESS WORLD - S and P: Irish banks need more capital
If we are required to pump more money into the loss making banks should we first look at consolidation in the sector?
Do we really need more than one state owned bank branch in each town in the country?
Competition is an issue, but not in the dysfunctional marketplace we current operate in surely.
How would people feel about the Anglo solution being more widely applied if more capital is required?