Monday 16 January 2017

So, why can’t AIB do for us what it did for its Bulgarian bank?

Published 27/06/2011 | 09:43

HOW generous of Allied Irish Banks to write off the hundreds of millions of euro from its Bulgarian bank – €216,000,000 paid and €100,000 received. Great investment – not!

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Then AIB turns to us, the taxpayer, for €13.3bn more – presumably so it can pay its bondholders, bonuses, dividends, directors’ expenses, etc.

Would AIB show such generosity to hard-pressed mortgage holders, businesses and indebted people in Ireland?

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