The ECB has published estimates of the direct cost to eurozone countries of bolstering the financial sector from 2008 to 2013. Ireland's bank bailouts cost the Emerald Isle the equivalent of close to 40 percent of its annual economic output. This is not good news for the Irish taxpayer as most of the money was spent on bank recapitalisations and toxic assests. In other words money spent with no chance of any return. In the case of Ireland it means the country splurged the equivalent of 25… READ MORE : euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more Subscribe for daily dose of business news: Made by euronews, the most watched news channel in Europe.... ( read more )
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