Trouble looms large down the financial track

The state of our financial institutions could render any current optimism extremely short-lived

12th December, 2009

Some things are best left unsaid. Finance minister Brian Lenihan decided against clouding last week’s budget with gloomy estimates of the demands he faces over the next 12 months to address the ailing capital position of the country’s banks.

It will come as little consolation to those on the wrong side of Lenihan’s cuts to know that the €4 billion that they will give up in savings will, almost certainly, be eclipsed...

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