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"They’re going to prop this thing up and walk it around like its alive, but it will basically be a zombie bank that’s state controlled."

To me, Deutsche Bank looks very much like the archetypal “too big to fail” zombie bank – draining money from central banks, sovereigns and investors while giving little in the way of returns.

"Who would want to buy a zombie bank?"

The zombie bank — as it is called here — is so ingrained in the black humor of Ireland that a song and dance production about its collapse is set to open in Dublin in November.

Better that than throwing more good money after bad and letting a zombie bank survive on government life-support to make the costs look lower for the moment.