Feb 232012
Estimated Annual Cost in Euro of the Average Italian Bank Account as of 2011
Despite all claims of an increasingly liberalized market, Italian banks exact from their customers two and a half time more money than their average European competitor, and more than any bank in the region. Their income from bank accounts are far higher than the second better-rewarded ones. So for Italians in particular, it looks like citizens already have given for free a lot more money than it would have been due to their banks, therefore it should sound thrice as offensive that these insititutions are now wailing for support from both the population directly, or indirectly through the State. What, indeed, have they done with this surplus?
