‘Real problem is €64bn in bank debt’

Bank of Ireland shareholder, Wilbur Ross, has accused the last government of “very bad politics” for its handling of the economy.

“As Milton Friedman said, if you put a government in charge of the Sahara, it would run out of sand. The exception is this Government.

“[Taoiseach] Enda Kenny has done a very good job, but the last government allowed the economy to become a bubble.”