Between 2008 and 2015, Ireland injected €62.8 billion into its banks. Germany, which had a very serious banking problem of its own, put €64.2 billion into its troubled financial institutions. Germany issued €135 billion in guarantees for bank liabilities. Ireland issued €284 billion.10 Proportional to the size of their economies, in other words, the Irish poured more than ten times as much of their money into failing banks than the Germans did. In 2013, it was calculated that Ireland, with less than 1 per cent of the EU population, had paid 42 per cent of the total cost of the European banking
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