On Dec. 23, a court cleared Ireland to effectively nationalize Allied Irish Banks plc. In addition to Ireland, the government of Spain has also stepped in to shore up its country's banking system. In the case of Ireland, the government's actions have caused more harm than good, says The Deal magazine's Matt Miller. In Spain, efforts to consolidate unstable regional banks are still underway. Read more of Miller's take on what happened in Europe in "Zombie zone" in the current issue of The Deal magazine. - Sara Behunek Share:
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