The bank bailout will sink us

Giving dead banks like Anglo Irish a massive helping hand will serve no purpose but to divert much needed funds away from economic recovery

24th April, 2010

Well, they’ve been caught out badly again. The Taoiseach and his Minister for Finance, that is.

The EU’s rejection of the government’s botched attempt to hide the Anglo Irish Bank bailout from the annual deficit figures has done more than leave Fianna Fáil figures with red faces - it could damage confidence in Ireland’s credibility and it exposes the reckless cost of the government’s banking strategy....

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