Wednesday 22 November 2017

Give taxpayers the full story

ALTHOUGH numbed by the astronomical figures being bandied about, most people accept that recapitalisation is unavoidable if the banking system is to resume normal operations; that is, come up with the loans to lubricate the wheels of the economy.

At the same time, most people remain unpersuaded about the need to resuscitate Anglo Irish Bank.

No matter how patiently and repeatedly Alan Dukes, chairman-designate of Anglo Irish, goes on air to explain that the cost of closing the bank would far exceed the cost of regenerating it, people find it hard to swallow.

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