For many years, certainly since the collapse of 2008, any discussion about how our economy is managed, about how social justice and accountability might be made tenets of Government rather than occasional afterthoughts, invariably reaches the point where the performances of the conventional parties of power are questioned.
If there is any further dragging of heels by the banks, he must exercise the full range of powers at his disposal — and demand more from Donohoe if necessary, writes
To his supporters, Taoiseach Enda Kenny is an underrated politician who deserves more credit for saving Ireland from financial ruin. For his detractors a series of public gaffes — the latest of which have occurred this week — mean his political limitations are rarely far from view.
Irish banks have made progress, but the costs of servicing their high-level of non-performing loans will likely not fall as quickly as they hope, despite the strong recovery, outgoing Central Bank governor Patrick Honohan said yesterday.