Thursday 8 December 2016

Full credit for a minor triumph

Published 10/02/2013 | 04:00

It was decreed that the new law on the end of Anglo should be passed within two hours
It was decreed that the new law on the end of Anglo should be passed within two hours

PERHAPS it is time for us all to chill out. Calm down a bit. The euphoria in financial and political circles last week was overwhelming. The hype was mighty.

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First there were the rumours. Then the vacuum. Then the announcement of a late sitting of the Dail for legislation. Still, as the hour for the sudden sitting approached, there was no sign of a Bill. Emergency briefings of TDs were called by top civil servants, just minutes before the Bill was due for debate. It was decreed that the new law should be passed within two hours. There would be a mere 15 minutes for committee stage. No amendments would be countenanced. President Michael D Higgins was jetted back from Italy to sign the Bill.

Apparently, a leak that Anglo Irish Bank was finally for the graveyard had caused chaos.

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