Re: Depfa still an 'Irish bank'???
Ah ... Depfa ... its owner Hypo was indeed bailed out by the German government and I've been snuffling around the news reports on that from some of the English language editions of the German newspapers and the one impression I am left with is that Depfa/Hypo was very hurriedly taken under Mrs Merkel's wing in order to keep the lid on the behaviour of a number of German banks in connection with low regulatory regimes like the Dublin IFSC and in particular some of the transactions run via Austria and elsewhere.
Hypo I am convinced is an iceberg in connection with German banks and Mrs Merkel is in the same position as Cowen and Lennie two years ago in that she doesn't want a light shone in this area.
If the German electorate knew what the banks had been doing to put holes in their own balance sheet very like our friend Sean Quinn did to Quinn group then there would be serious uproar in Germany.
Hypo isn't the only German bank involved either ... I'm certain of that.
Think National. Act Local. Oh- and superstition is just the dark matter of human history.