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Economists rarely make good politicians. And only occasionally do politicians think like economists. This chasm in mindsets was very obvious when the Irish Fiscal Advisory Council (IFAC) suggested the Government’s plan for a big spending budget this October “undermines the credibility” of the Coalition.
?Irish banks’ valuations have screened the most positively in relation to a liquidity withdrawal event linked to the repayment of cheap pandemic-era loans, according to an analysis of the European banking sector.
The Central Bank inquiry into former PTSB chief executive David Guinane could be delayed until next year to allow newly appointed solicitors for the banker get up to speed with the facts of the case.
?A furniture salesman has had €4.68m in debts written off, saved his home and avoided bankruptcy after a judge rejected objections from a vulture fund to a personal insolvency arrangement (PIA).
Former Permanent TSB chief executive David Guinane was a 25-year veteran of the bank when he was forced out following its nationalisation in 2012.