Sunday 17 December 2017

Thomas Molloy: No news is better than wrong news, and clarity is best of all

Thomas Molloy

CONFUSED about the kerfuffle over senior and subordinated debt? Unsure whether we are welshing on bonds issued by Anglo Irish?

Don't worry. You're not alone. In fact, almost everybody in Europe shares your confusion -- and that's not surprising, because the Government is doing a very poor job explaining what it plans to do.

This drip-drip of information on the Government's plans comes from sources as diverse as Green Party Finance spokesman Dan Boyle's Twitter account, off-the-record briefings, and fractious Dail committee hearings.

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