Boardroom: Government banks on a better deal

Liverpool once paid stg£35 million for Andy Carroll, but he sure isn't worth that now. In the same way, our government pumped €30 billion into AIB, Bank of Ireland and IL&P.

14th July, 2012
Boardroom: Government banks on a better deal
It may suit everyone if the deal is fairly complicated.

Liverpool FC may have paid stg£35 million for striker Andy Carroll 18 months ago, but he sure isn't worth that now. In the same way, the government here pumped around €30 billion into AIB, Bank of Ireland and Irish Life & Permanent but, like Andy, their performance in the meantime has been ineffective and accident-prone. One of the crucial issues of the talks now getting under way in earnest on restructuring this historic portion of...

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