Sunday July 12, 2020

A matter of trust

The economic crash a decade ago was painful enough in its own right. But its after-effects and the way it was dealt with created a loss of faith in Ireland’s ruling elites

23rd September, 2018
8

The word “credit” comes from the Latin “credere” – to believe. To loan someone money, you need to believe they’re going to pay you back. The economy runs on trust.

September ten years ago, the markets lost trust in Wall Street’s investment banks, fearing hidden exposures to losses on the sub-prime property market.

Loss of trust is contagious: not simply because the financial problem may be widespread,...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

As the online debate on trans issues remains heated, those affected by them in the real world are calling for more support, space and understanding. But are their voices being heard?

Colin Murphy | 3 weeks ago

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 2 months ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 2 months ago