Honohan: ‘We don’t have it as bad as King James II did’

With the recession over and an offer of as much money as he could wish for, things appear to be looking up for Central Bank Governor Patrick Honohan.

The modern-day keeper of Irish finances was in Limerick yesterday and paid a flying visit to King John’s Castle, the last centre in Ireland where native coinage was struck before Free State coinage was introduced in 1928.

Prof Honohan was promised riches as the city offered to reopen its mint and strike as many coins as he needed to help the country towards recovery.