Wednesday 21 February 2018

Merkel's 'contempt' goes worldwide

Sarah McCabe

Sarah McCabe

ANGELA Merkel's "contempt" for Ireland's most famous fallen bankers made headlines around the world yesterday, as the 'Inside Anglo' story generated another day's worth of coverage in everything from the world's biggest newspapers to the smallest local publications.

"No laughing matter," said this week's edition of 'The Economist', while Karl Whelan, writing in 'Forbes', called it "probably the biggest economic story in Europe this week".

"Ireland's PM rounds on Anglo Irish bankers," said 'The Wall Street Journal'.

Even local American papers had their own take on it. "Anglo Irish's former CEO turns angry Irish eyes to Boston," wrote the 'Boston Business Journal' on David Drumm, who now lives in Massachusetts.

The headlines were equally damning just across the Irish Sea. "Another horror story from zombie Ireland," said 'The Spectator'. "The scale of the calamity has been breathtaking. Shocking and pitiful, too. And yet, so far, no one has been prosecuted, far less imprisoned," wrote Alex Massie.

"Ireland risks slip from EU poster boy to problem child," said global news service Reuters. It quoted financial services worker John Sheehy, who observed that "Bernie Madoff probably wishes he registered in Ireland".

Unsurprisingly, the storm continued to snowball in Germany. Most news outlets led with Ms Merkel's comments.

'Das Bild' broadcast a video of her remarks from its website, which also made headlines in 'Die Weit', 'Suddeutsche' and 'Stern' magazine.

The world's biggest broadcasters also paid attention. The BBC continued to cover the developments, as did Germany's Deutsche Welle and Iranian news network Press TV.

Irish Independent

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