Thursday 8 December 2016

Another night of high drama in our financial history

Published 11/11/2013 | 02:00

Permanent TSB on St. Stephens Green yesterday
Permanent TSB on St. Stephens Green yesterday

THERE wasn't an empty seat in courtroom number 12 where the emergency sitting of the High Court would decide the fate of one of the largest credit unions in the country.

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It was another historic night in Ireland's recent chequered financial history. Emotive language was used from the off to illustrate the gravity of the situation.

Talk of "contagion" and a "run on the credit union" were used by barrister Paul Gallagher SC, who appeared for the Central Bank.

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