Saturday 27 May 2017

Noxious fumes and toxic banks Clouds of confusion

ONCE more the noxious fumes from the swamp that is Anglo Irish Bank taint our financial health, and further obscure our economic outlook.

Never before has so much been owed by so few to so many. As a consequence yesterday, Ireland achieved another ignoble first: we officially recorded the biggest government deficit in the EU last year.

As a consequence we officially overtake Greece, which had been hogging all the headlines of late as the eurozone's most notorious economic delinquent.

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