Sunday 18 March 2018

So, why can’t AIB do for us what it did for its Bulgarian bank?

HOW generous of Allied Irish Banks to write off the hundreds of millions of euro from its Bulgarian bank – €216,000,000 paid and €100,000 received. Great investment – not!

Then AIB turns to us, the taxpayer, for €13.3bn more – presumably so it can pay its bondholders, bonuses, dividends, directors’ expenses, etc.

Would AIB show such generosity to hard-pressed mortgage holders, businesses and indebted people in Ireland?

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