Monday 20 November 2017

A long night for Quinn workers

WHO knows how and when the tangled interests of Anglo Irish Bank and Quinn Insurance can be separated? The two have been locked in a mutual embrace for years, a clinch that has had catastrophic effects on the two organisations which were once seen as the country's most dynamic bank and insurer respectively.

Even now, they are engaged in a danse macabre to the tune of billions of euro of debt.

The hundreds of Quinn Insurance employees who now face redundancy must wonder what madness possessed the company's founder, Sean Quinn, when he embarked upon his reckless €3bn gamble on Anglo Irish shares.

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