If, as discussed last week, the Eurozone is a mish-mash of politics and economics, then the banking crisis is even more of a hot potato.
On the one hand, the word ‘bank’ comes fraught with vitriol. On the other, we seem prepared to alienate anyone to save our precious ‘financial services’ industry.
How can financial services be good but banks bad? Aren’t banks financial services?
To make things more complicated, are all banks bad or just some of them?
Again brutal simplicity of thought is required. Indeed, such is the mess the banks have caused, we must think the unthinkable. We must be creative. Continue reading