Pat Rabbitte: Has Europe learned its lesson from the last crash?
The ECB responded to the last global recession by embarking on an austerity binge, but things are different this time
The release from prison last week of David Drumm, the former chief executive of Anglo Irish Bank, will have rekindled dark memories of the 2008 financial crash for many people. More than a decade later, the painful memory lingers of how bank mismanagement, greed and recklessness, destroyed the livelihoods of many people and deprived some of their homes.
The downturn that followed lasted longer than Drumm’s time in prison. The hard-won recovery had scarcely settled in...
Subscribe from just €1 for the first month!
What's Included
With any subscription you will have access to
-
Unlimited multi-device access to our iPad, iPhone and Android Apps
-
Unlimited access to our eReader library
-
Exclusive daily insight and opinion seven days a week
-
Create alerts to never miss a subject that matters to you
-
Get access to exclusive offers for subscribers on gifts and experiences
-
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Related Stories
Full impact of Covid-19 will only be clear when state supports are cut, Central Bank warns
Financial regulator says some businesses will not remain viable after government’s pandemic payments are wound down
Aidan Regan: The dethroning of global tax sovereignty — and why it’s a good thing for Ireland
Governments will soon have the right to collect taxes on multinationals’ sales in their jurisdiction, even if that company has no physical presence in their country. This is a massive shift — and is ultimately positive for us
Personal grooming spend up seven-fold as social activities reach almost pre-Covid levels
Bank of Ireland debit card spending analysis released today reveals boom in spending across hairdressers, accommodation, retail and travel
Hope and high stakes: Can the economic recovery plan work?
With hotels and B&Bs trading again after a seemingly endless hiatus, the hope is that this has been the last of the lockdowns. But some have doubts over the government’s plan to get the country moving again
