Saturday 3 December 2016

Thomas Molloy: No news is better than wrong news, and clarity is best of all

Published 28/09/2010 | 05:00

CONFUSED about the kerfuffle over senior and subordinated debt? Unsure whether we are welshing on bonds issued by Anglo Irish?

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Don't worry. You're not alone. In fact, almost everybody in Europe shares your confusion -- and that's not surprising, because the Government is doing a very poor job explaining what it plans to do.

This drip-drip of information on the Government's plans comes from sources as diverse as Green Party Finance spokesman Dan Boyle's Twitter account, off-the-record briefings, and fractious Dail committee hearings.

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