Colm McCarthy

Four years on in Ireland’s crisis: No blame, no pain, no shame…

Mick Fealty on July 8, 2012, 3:39 pm

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Colm McCarthy in the Sindo points out , via Stephen: In Ireland, almost four years after the balloon went up, not so much as a parking ticket has been issued. Inquiries are under way by the Director of Public Prosecutions, An Garda Siochana, the Criminal Assets Bureau and the Office of the Director for Corporate Enforcement but none has yielded fruit. The Irish banking bust has been described by Central Bank governor Patrick Honohan as one of the largest, relative …

Ireland and the Anglo debt: “Would the ECB like to have even one success?”

Mick Fealty on January 23, 2012, 9:56 am

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Extract from Vincent Browne putting the ECB under some pressure. He asks a simple question to a European central banker who has just finished praising the Irish public’s understanding of the economic crisis. Browne pays him the compliment of asking him one of the more awkward questions in the current playbook: ie, why are Irish taxpayers paying off the debt of a bank (Anglo Irish) that is effectively bust? Klaus Masuch answers it by saying (but not saying) that it …