Central Bank can crack credit crunch

As the banks sit tight to protect their developer mates, the Central Bank needs to move fast and decisively.

30th August, 2008

As the banks sit tight to protect their developer mates, the Central Bank needs to move fast and decisively.

How can a tiny country in a huge monetary union experience a credit crunch? How is such a nonsensical dilemma possible?

This is a question worth posing because the present credit crunch in Ireland is totally unnecessary. It is a function of laziness and a lack of courage by our Central Bank.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago