Banks left with financial headaches as borrowers skip repayments

THE stories are mainly to be found in the business pages these days, but the lengths to which some of the formerly rich are going to hang onto their assets while not repaying the money borrowed to purchase those trophies, are extraordinary.

The exception that often makes the front pages has been the remarkable claims being made about the behaviour of Sean Quinn’s family — which I’ll leave for now, but which deserves further examination at a later date once the courts sift through some remarkable claims and evidence.

But there are other incredible stories abounding that should make every Irish citizen worry about the ability of the State-backed banks to recover what is essentially our money.