Bank Guarantee Scheme

Irish Government does have detailed documents around the bank guarantee scheme after all…

Mick Fealty on July 9, 2013, 11:06 am | Readers 7

One for the archives, I guess. The Journal have had some information given them by Fianna Fail, which seems to run contrary to the Taoiseach’s claim that there are no documents in his possession which explain the rationale of the bank guarantee scheme that was rushed through the Dail in September 2008… Of the 146 documents 106 have been withheld, 31 have been released in full and four have been partially released. Many of the records are withheld under section …

NAMA was just one part of what should have been a three part process

Mick Fealty on December 10, 2010, 2:41 pm | Readers 2

The FT’s editorial yesterday second leading article was entitled In Praise of NAMA. Their logic being that NAMA was the first element in what it proposes as a necessary three part process, that is to force the banks must come clean on their losses. But that it failed to take the second and third steps, ie make a political decision about who should carry those losses and to develop ‘the legal, technical and political capacity’ to impose those losses: Nama …

Irish bank guarantee is killing economic growth…

Mick Fealty on September 25, 2010, 11:49 am | Readers 2

It goes without saying that no one in the Republic would want to start from where they are now. But Garrett FitzGerald returns to a favourite theme of his, that the tax settings were too low in the past and that, despite having a national debt of less than 25% of GDP, it is now lurching towards an open ended economic crisis as predicted economic growth rates fail to materialise. But Fianna Fail government is sticking with its steady as …