Now that the dust has settled on the government decision to end the state guarantee of the banks some commentators are asking if the timing was right and if any long term advantage will come at too high a price for tax payers in the short term. This is because the banks were paying one billion euro per year for the guarantee and given that it has now been removed that revenue tap for the exchequer has been turned off. This morning, we hear that it’s very likely that we’re going to get a deal on extending the maturity of ...