Monday 20 February 2017

Noxious fumes and toxic banks Clouds of confusion

Published 23/04/2010 | 05:00

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

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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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