Monday 26 February 2018

Emmet Oliver: European debt masters must study their part in our downfall

Emmet Oliver

Stony-faced IMF and ECB officials touched down in Dublin yesterday as they make yet another attempt to solve the Irish banking crisis.

This crisis is now almost three years old if you take the starting point to be the so-called 'St Patrick's Day massacre' of 2008 when Anglo Irish Bank's stock price plunged by 15pc.

Despite plans to spend 36pc of everything Ireland produces on this one segment of the economy, all policy interventions to date have not only failed to shore up the system, but in some cases have made it even more unstable.

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