Politics, power and the €140 million INM debt deal

Before taxpayers get angry about Denis O'Brien and others benefiting from the €140m debt deal on INM, they should look at the facts of the case, writes Richard Curran.

27th April, 2013
Those giving out about state-funded banks doing deals that benefit super-rich investors like Denis O'Brien are barking up the wrong tree.

These days, everything seems to be linked to taxpayers in some way. Whether it be property developers' losses, bank chief executives' salaries, pensions for Waterford Crystal workers or every commercial deal done by a bailed-out Irish bank, it all gets measured by what it might cost the humble taxpayer.

The same will probably be applied to the debt restructuring at Independent News & Media, announced last week. Under the terms of the deal, a consortium...

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