Morning Post…

– Irish News: Jim Gibney finds there is lots to be optimistic about. (Crisis, what crisis?)…

– Sunday Business Post: David McWilliams reckons Anglo is the Republic’s Enron. Worse: “We are now in a position where nobody trusts us”…

– Irish Times: AIB loses half its share value on the Dublin Stock Market

– Financial Times: John Murray Brown on how the Irish centre cannot hold and things fall apart…- Irish Times: Five remaining Anglo directors finally step down

– The Guardan: Bring Fine Gael into the coalition government

– Financial Times: £20 Billion more of UK Taxpayers cash to rescue the banks

– Glasgow Herald: RBS set to post the largest losses in UK corporate history

– The Times (London): Whilst pretty much all around him go hysterical, Simon Wolfson counsels patience: There are no quick, miracle cures for a recession

– Daily Telegraph: George Bridges looks forward to a time when the state will do less: presumably forced upon it because it’s so overloaded with private debt it will no longer have the means to borrow a red (for which read Chinese) cent…

– Irish News: Sinn Fein stole the SDLP’s political clothes: the worst suit in the shop

– Irish News: Adams declares dissidents are criminal gangs posing as Republicans

– Belfast Telegraph: Dr Paisley wrapped for ‘Shamrock Crimes’

– Belfast Telegraph: McNarry wants Presbyterian Church to make up PMS’s cash shortfall

– Daily Telegraph: John Sentamu claims Britain has become self-absorbed and has lost its way

– Daily Telegraph: Bush’s legacy will be vindicated by history

– And from Editorial Intelligence’s pick of the day: Peter Wilby in the Guardian:

For three reasons, I feel uneasy about the attention given to the story and the universal condemnation of Harry. First, when Fleet Street forms a consensus, it is usually wrong. Second, it is not clear Harry could have known there was anything offensive about “Paki”. He lives a very sheltered life. Moreover, there’s a website, claiming to be the biggest Pakistani online community, with the address and headings that include “Paki news” and “Paki job finder”.

For more comprehensive guide to daily NI stories try Nuzhound

  • It was Sammy Mc Nally what done it


    “The recent breakthrough on the transfer of policing and justice powers and the likely appointment of a justice minister in a few months time should mean a prolonged period of stability which will allow the institutions of government – the all-Ireland ministerial council, executive and assembly – to function on a planned basis and not crisis managed.”

    Good old Robbo

  • Dave

    “Every month, the Central Bank issued statements showing monetary growth in Ireland – which was exploding. This column pointed out time and again that this explosion of credit could only have its balance sheet counterpart in enormous foreign lending.

    But what did the Central Bank – the guardian of the system – do? Nothing, despite all the information to hand.” – David McWilliams

    He misses the point that the Irish Central Bank only has responsibility for monetary policy functions and does not have responsibility for monetary policy. In other words, the European Central Bank devises the monetary policy and the Irish Central Bank implements it. Given that this problem is spread through the Eurozone, the common cause is the expansionist monetary policy of the ECB and not the impotent central banks who simply implemented that common policy with common (disastrous) results.

  • Eddie

    Could anybody tell me if deposits (i.e. current accounts and savings) at the First Trust Bank in N Ireland (owned by AIB) and at the Bank of Ireland in the north are guaranteed under the UK financial compensation scheme – and to what limit, is it £50,000.

    Or do the Irish banks operating in the North come under the Dublin Government’s guarantee

  • “Perhaps, like “(n****r)”, it is a term allowed between members of the relevant group, but prohibited to outsiders.”

    God, Wilby, all those words when one sentence would have sufficed. I guess when buying ink by the barrel one is obliged to use it.

  • Eddie

    To; Mark Dowling
    Thank you for that reference, above. It says that First Trust Bank and Bank of Ireland in N Ireland are covered by the UK compensation scheme for deposits of up to £50,000 (or £100,000) in joint accounts