Friday 18 August 2017

A little done – a lot more to do – on exiting bailout and bank debt

THE definition of a gambler, as distinct from a "gaming investor", is that gamblers put their winnings on the next turn of the card.

They usually can't wait to do so either. The Taoiseach appeared to be showing the gambler's streak when, within hours of pulling off the deal on the former Anglo debt, he pledged to get an EU refund on the money put into the surviving banks.

There has been much talk of this from the beginning, although the Government seemed to make surprisingly little of the fact that they are going to get their money back from Bank of Ireland, thanks to the bank's own successes.

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