RTE article about consequences of weakened global banking system.

[RichInSpirit]

I saw this article on the RTE website. About the banking system being in a weakened position at the moment.
And some of the consequences of such.
I would agree with some of their analysis.

7 likely consequences from the current banking crisis

The issues in the banking sector may well have knock-on effects on the wider economy

www.rte.ie

 

[joe sod]

Yes the hole in the banks government bond investments is wider than just SVB. Also it made the point which I have been saying that this will reduce the demand for government bonds by banks and push up interest rates for government borrowing. Governments now have big spending commitments ,what with ageing populations health care and the massively expensive "green agenda", something is going to have to give.
In Irelands case I suspect the reduction in corporation tax receipts is going to be much heavier and sooner than what they are predicting