@LDS and "So you wonder who really reaps the benefit of such system, beyond Apple..."
I would say the same bankers who got 99% of the UK living on tick and are now jumping ship to IE where they can still have have access to Europe after Brexit.
I find it ironic that the UK banking vultures chose the only EU country that didn't require them to speak a new language after all the years of BS in the UK of how they were the best thinkers, rather than fools who gambled with other people's money.