Monday 5 December 2016

Banking claim is highly debatable

Published 04/06/2010 | 08:24

SURELY Brendan Keenan’s statement that "banks or no banks, in the end the country will stand or fall on the resolution of the fiscal crisis" (Irish Independent, June 3) is highly debatable?

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Imagine, even in the middle of the boom, someone had suggested borrowing an extra €25bn to spend on education for example. That person would have been locked up. Yet that is what some commentators approve of as being necessary to rescue just one bank.

Commentators like Brendan Keenan will have to do better than just making bald statements if they are to justify giving countless billions to banks, while, at the same time, for example, cutting social welfare payments.

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