Friday 23 March 2018

Brendan Keenan: Time to face unpalatable truth and accept bailout

Brendan Keenan

Brendan Keenan

IT'S a banking crisis. Again. Irish government ministers and officials played a furious decoy game over the weekend; talking endlessly about the budget deficit when the actual issue was the failing finances of the banks.

One has to wonder about the wisdom of their decision to try to deflect attention from the truth. There is surely something wrong when Irish citizens have to learn from European Central Bank governors, EU Commission spokesmen and German government sources, about what is going on in their own country.

Not only wrong, but not very sensible. The facts were always going to come out. The Taoiseach was already shifting ground last night, and a procession of government ministers are almost certainly going to look more than usually foolish after the meeting of EU financial ministers.

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