Bank deal promises are pie in the sky

BY regularly raising hopes of getting a better deal on bank debt only to let us down again, the Government is losing all credibility on its ability to deal with the issue.

Both Fine Gael and Labour swept into power last year on bold promises to reduce the crippling burden shouldered on taxpayers as a result of a catastrophic decision by the Fianna Fáil government to guarantee the banks.

But as they settled into their seats of power, the best the Coalition could manage was to seek comfort in blaming its predecessors while avoiding the reality that it too has failed in the task entrusted to it by voters.