Savings bonds - A practical commitment

IT might be cheering to record that nothing other than practical patriotism is behind the impressive uptake of the National Solidarity Bond but it may also be a comment on the great difficulties facing the banks.

Over €130 million has been invested in the bond in just over two months and, even in a time when talking in billions has become commonplace, this is a strong statement in the viability of this country’s future.

Almost 10,000 people have joined the scheme, which has attracted €2 million per day. This represents an average investment of €23,000 per person. When so many things conspire to undermine confidence in this society’s capacity to rebuild its economy, it is reassuring to see so many so committed to doing just that.