Why ? The bank is a business. It cant trade - Its toast! The longer this goes on the more it will cost ! If I lived in Ireland i would be truely pissed! Hell i live in England and I still cant come to terms with this ... If anyone can (without the platitudes ) explain just why the bank cant fail I would appreciate it (truely)..
from uboat £70 Billion they have needed Ireland has a pop. of 6 mill (7 tops = easier sums) So everyone in the country could just be given £10K let the bank fail ... and everyone start again May focus the minds
I'm not sure what that means, but I can provide an explanation, if not the explanation.
The main worry as far as we're concerned is that around 40 billion euros of the money that was lent to Irish banks by other countries - of which we were one - is not covered by the Irish government's guarantee. If the banks go down, our money will go down with them. That seems like a fairly good reason why we and the other creditors should try to see it doesn't happen.