Sunday 4 December 2016

John Downing: Kenny's toughest task now will be convincing us this is a good deal

Published 08/02/2013 | 04:00

The lights stayed on late in Leinster House as the debate took place into the legislation to allow a deal on promissory notes. The ECB is likely to hamper
Enda Kenny’s efforts to portray the deal as a victory
The lights stayed on late in Leinster House as the debate took place into the legislation to allow a deal on promissory notes. The ECB is likely to hamper Enda Kenny’s efforts to portray the deal as a victory

WITH apologies to the gospel writer Matthew, we can say: "Let this Anglo bank debt be upon our children and our children's children."

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In less biblical terms, this is about paying less interest for now and allowing the rising generations to worry about repaying the principal between 2038 and 2054. After all, Enda Kenny and his colleagues will not be asking too many of today's young children to vote for them – they will definitely never be canvassing anyone's children's children.

More immediately – from yesterday afternoon, in fact – Mr Kenny began the battle of his political career which will make or break his term as Taoiseach. The timing also strongly suggests the Taoiseach's "lucky general" tag may well be holding.

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