WASHINGTON (MarketWatch) — Missing in the 88 pages the Central Bank of Ireland has produced in determining that the Irish banking system is undercapitalized by some $34 billion (24 billion euros) is a different way to end the euro-zone nation’s financial crisis.
It’s an elegant and simple solution, and one that could prove cheaper: Let all the banks collapse.
It’s an elegant and simple solution, and one that could prove cheaper: Let all the banks collapse.
