Monday November 23, 2020

COMMENT: Banks' fingers still in taxpayer pockets

If you thought the Irish taxpayer was finished bailing out the banks, think again, writes Jon Ihle.

18th April, 2012
The taxpayer is funnelling more money into failed financial institutions, writes Jon Ihle.

If you thought the Irish taxpayer was finished bailing out the banks, think again.

Figures released by the Central Bank late last week show that Irish banks have significantly increased their holdings of Irish government bonds. As of the end of February, 23 per cent of Irish sovereign debt - or nearly €20 billion - was owned domestically, with most of it in the hands of Irish resident financial institutions. This was up from a...

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