The inquisitor: The market is always right on share prices

Irish Life & Permanent chief executive Denis Casey really came out fighting last week. He said that Irish banks were treated savagely by equity markets last year.

9th February, 2008

Irish Life & Permanent chief executive Denis Casey really came out fighting last week. He said that Irish banks were treated savagely by equity markets last year.

He added that, in time, the markets will again come to recognise the underlying resilience of both the Irish economy and its financial institutions.

His comments reflected a sense of frustration with the view taken, particularly by the international investment community, that Ireland was too dependent on construction...

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