Sunday May 31, 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

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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