Brendan Burgess
Founder
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http://www.irishtimes.com/business/...arged-by-irish-banks-are-a-disgrace-1.1996208
He cited France, Belgium and Germany as countries where banks “lend slightly above the ECB rate for a period of 10 years so that people would have that certainty”....
He said SVRs in Ireland were a “disgrace compared with the rates that exist with other banks in continental Europe”.
“The banks will say it’s subsidising the trackers, which are loss making. The reality is that we need a bigger resolution on the tracker issue and I think there’s still a role for the ECB, especially under the asset-backed securities programme where we could look at what [broken link removed] described as mezzanine funding where the trackers could be moved to the balance sheet of the ECB.