Tuesday 17 October 2017

Thomas Molloy: Parties in denial about the shambles in banking sector

Thomas Molloy

Thomas Molloy

FOR all the confusing talk about what should be done to bank bondholders, none of our political parties has unveiled a coherent set of policies outlining what it would do to the banking sector once any writedowns have been achieved.

Our political leaders and prospective leaders do not appear to have accepted in their hearts and minds that the banks have been effectively nationalised and are now part of the public sector.

In fact, many parts of the public sector, such as Bord Gais and the ESB, are likely to be in private hands long before the banks return to the markets.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Independent.ie Comments Facility

INM has taken the decision to remove the commenting facility on its online platform Independent.ie to minimise the legal risk to our business that arises from Ireland's draconian libel awards system.

We continue to look forward to receiving comments through direct email contact or via social media, some of which may still be featured on the website Independent.ie


Don't Miss