Saturday June 6, 2020

John Looby: Why sell AIB Minister Noonan?

For the sake of his legacy, and the better protection of future taxpayers, Noonan needs to re-think his plan, writes John Looby

5th April, 2017
Pic: RollingNews.ie

History is likely to be kind to Michael Noonan. In general, his success in shepherding the economy through much of the post-crash trauma will be lauded. More particularly, he will be remembered for his skilful management of public, market and Troika expectations, and for the remarkable renegotiation of the Anglo-Irish Promissory notes.

One of the many lessons of the financial crisis, learnt particularly harshly in Ireland, is that banks are different. Unlike other businesses, bank...

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