Thursday 19 October 2017

Emmet Oliver: Economic solution to crisis creates political problems

Emmet Oliver

LESS than two months after offering "greater certainty'' than ever before about the state of the Irish financial system, Finance Minister Brian Lenihan will fly to Brussels today to face fresh questions about Irish banks and their capital levels.

Lenihan must be growing weary having to deal with questions about bank capital, an esoteric subject that virtually none of Lenihan's predecessors ever had to consider.

While Lenihan, financial regulator Matthew Elderfield and Central Bank governor Patrick Honohan all publicly claim the banks will be well capitalised by year end other figures in the markets take a different view.

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