Opinion

Landowners & Cement Producers Gain, Homebuyers & Taxpayers Suffer. By Richard Douthwaite

Ramon Arratia, sustainability director for InterfaceFLOR in Europe, Middle East, Africa & India

With banks in America and the UK encountering major difficulties as previously booming economies head towards recession, a similar and perhaps even worse fate may be awaiting Irish banks. Worryingly, the situation is shaping up to be so bad, that the very future of the banks may be under threat, as Richard Douthwaite explains.