Friday 9 December 2016

Maeve Dineen: Man with a mission but is he a man with a plan?

Published 17/06/2011 | 05:00

Finance Minister
Michael Noonan has
been reluctant to
explain his proposals
Finance Minister Michael Noonan has been reluctant to explain his proposals

IS Michael Noonan a man with a plan or out of his depth? The straightforward answer is that we just don't know. His unexpected announcement this week that this country would not repay €3.5bn of loans owed to investors in failed Anglo Irish Bank and Irish Nationwide has taken everyone but the IMF by surprise.

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Noonan has been understandably reluctant to explain his proposals in detail, saying on Wednesday that he was not giving away his negotiating position on the airwaves.

That is a perfectly reasonable stance, but the consequence is we don't really have a notion whether Noonan knows what he is up to or whether he was just chasing headlines on day 99 of his first 100 days in office.

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