Wednesday August 5, 2020

Comment: Downturn means ‘less champagne’

Those present at last week’s launch of the annual report of the National Treasury Management Agency (NTMA), the state’s specialist cash manager, couldn’t help but notice an air of nostalgia about chief executive Michael Somers.

21st July, 2007

Those present at last week’s launch of the annual report of the National Treasury Management Agency (NTMA), the state’s specialist cash manager, couldn’t help but notice an air of nostalgia about chief executive Michael Somers.

Somers reminisced about the ‘‘extraordinarily favourable situation’’ that the state’s finances had found themselves in over the past decade, as successive governments found themselves with more money than they could spend....

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