A matter of trust

The economic crash a decade ago was painful enough in its own right. But its after-effects and the way it was dealt with created a loss of faith in Ireland’s ruling elites

23rd September, 2018
8

The word “credit” comes from the Latin “credere” – to believe. To loan someone money, you need to believe they’re going to pay you back. The economy runs on trust.

September ten years ago, the markets lost trust in Wall Street’s investment banks, fearing hidden exposures to losses on the sub-prime property market.

Loss of trust is contagious: not simply because the financial problem may be widespread,...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Housing crisis is coming home to roost for the government parties

Housing Elaine Byrne 15 hours ago

Matt Cooper: Falling house of cards could take this government with it

The Last Post Matt Cooper 15 hours ago

Colin Murphy: Unionists are not the only ones ensnared by figments of the past

Willie O’Reilly: Pressing home the point that truth is not a luxury

Media Willie O'Reilly 15 hours ago