Anglo-Irish a black hole for Ireland says Wall Street Journal column
Anglo-Irish bank has become ’Ireland’s very own black hole” a Wall Street Journal columnist has stated.
Quentin Fottrell stated that it now looks like the bank will not survive and will be closed down rather than allowed to operate as a good bank/bad bank.
An opinion poll over the weekend showed 73 per cent of Irish people believing the bank, which owes as much as $50 billion, will bankrupt the country.
Fottrell was reflecting an interview over the weekend when Chief Executive Mike Aynsley stated that the European Union was more likely to demand it be closed down rather than be split into a good bank/bad bank.
Aynsley told the Sunday Business Post that The European Commission is saying, ‘This bank has dropped €25 billion and it doesn’t deserve to survive,’ and they’re right. But you have a dysfunctional banking system … We can’t call the political agenda. Politicians have to call the political agenda. “
Meanwhile the damage that the Anglo situation is causing Ireland is very real. The Wall Street Journal quotes Emer Lang, an analyst with Davy research that enough damage has been done:
“Uncertainty over the fate, and particularly the cost, of Anglo continues to be a key driver of negative sentiment towards Ireland in financial markets,” she said. “Early clarification is needed, particularly as we are now a week into a key month for bank debt roll-overs.”
- An open letter in strong defence of capitalism.
- Sarah Palin is saving Christmas
- Racist incidents in Ireland up by 85 percent...
- Gay teacher fired from Catholic school after...
- Virginia governor slammed by doctor over...
- Irish drugs mule to escape full trial and...
- Nelson Mandela was against IRA decommissioning.
- Top Christmas Irish ads that will be bring...
- Irish radio presenter suspended after anti-Isra
- Families as well as Catholic Church and governm
Quoting Churchill to an Irish audience to make a point is not the silliest part of this sad missive. Like so many "Conservatives" Conboy mBill O’Reilly slams Nelson Mandela as an unrepentant “communist”
Obama is not a socialist, that is why you got ACA run by private insurance companies instead of Single Payer. I know he's not a socialist because I amUnionists regret US envoy Haass’ call for new flag for Northern Ireland (VIDEO)
More 'fried brain' nonsense...A sibling of an Irish person...is Irish...stay out of the Sun, 'n keep trying, cobber!!!Gay teacher fired from Catholic school after applying for same-sex marriage license
Hi alisaann, in truth, the ones who lose the most are the children. Marriage affords most people a means to bequeath possessions to the family without