Ireland ‘could cope’ with euro break-up

There is less than a 10% probability that the euro will break up, but if it did corporate Ireland would be able to cope with the fallout, says Tiarnan O’Mahoney, head of Moneycorp in Ireland.

Moneycorp is a foreign exchange specialist that has been around since 1979. It is a fully-owned subsidiary of Royal Bank of Scotland and is headquartered in London. Mr O’Mahoney set up the Dublin office earlier this year along with another former Anglo executive, Bryan McSharry.

Mr O’Mahoney was tipped to take over from Sean Fitzpatrick as CEO of Anglo Irish Bank, but instead stepped down in 2005.