Time for administration?
As the country’s problems mount, maybe it is time to consider a rescue plan to save Ireland Inc similar to that for the Quinn Group
Watching the Quinn administration saga unfold, I couldn’t help wondering when Ireland would be put into administration.
The reason Quinn is in trouble is because we are in trouble. In fact, the business model of Quinn and the business model of Ireland Inc were remarkably similar. Both came a cropper due to massive borrowing on one asset: Anglo in the Quinn case and property in the case of the country.
When you look...
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