DUBLIN — Can one bank bring down a country?
The bank has received 22 billion euros in government aid so far.
Anglo Irish Bank, the midsize Irish lender whose profligacy has come to symbolize the excesses of the real estate bubble here, is doing its best to find out.
No other country aside from Iceland suffered a banking bust as severe as Ireland’s during
They are our representatives abroad and have the privilege of working in some of the most desirable cities in the
Sunday February 28 2010
FAR from being the capable minister that her colleagues profess her to be, Tanaiste Mary Coughlan has time and time again proven herself to be out of touch, gaffe-prone, incompetent and in over her head.
She was plucked from the political Siberia that is the Department of Agriculture, where her tomboy
'The sooner we've an election, the better' By Barry Duggan
Saturday February 20 2010
FIANNA Fail and the Green Party are more interested into clinging to power than facing the wrath of the electorate, Labour leader Eamon Gilmore claimed yesterday.
Speaking during a tour of Limerick, Mr Gilmore said former Defence Minister Willie O'Dea's resignation resulted from the Taoiseach's handling of the controversy, which landed his former minister "in the soup".
"I think his (Willie
The national debt amounted to €45,453bn at the end of November, up from €38bn at the beginning of the year. The NTMA anticipates budget deficits of
The public interest directors appointed by the Government to the financial institutions covered by the State guarantee are paid up to six times more than directors of other state bodies.
Figures show the directors appointed to Anglo Irish Bank are amongst the highest paid, with Alan Dukes and Frank Daly each receiving almost €100,000 each in fees.
The figures also reveal that State appointed directors to AIB
CNBC, the US financial news network, has again roiled independent analysts here by claiming that Ireland is now the most indebted country on earth, with debts of $2.38 trillion (€1.6 trillion).
In a new analysis, its
BROADCASTER Pat Kenny was in the firing line for the second time live on air last night.
Last week the 'Frontline' presenter was on the receiving end of a barbed comment from SIPTU's Jack O'Connor about his house.
A man interrupted the show last night, ranting about the star's pay packet.
"Eleven hours a week for €600,000 and you've the indignity to talk of people on social welfare," he shouted from the audience.
"I've wanted to confront you for 20 years on your moralising and
EMPLOYEES across 54 separate state boards and agencies are paid on average more than €70,000 each a year, an analysis of Department of Finance figures has shown.
In a stark illustration of how public sector wages spiralled way above national standards in some parts of the state sector, average salaries in some bodies rose as high as €100,000.
October 15, 2009
FOUR journeys overseas by European affairs minister and former environment minister Dick Roche, with a small coterie of officials from his department, cost the taxpayer more than €50,000
Sunday October 25 2009
IT'S almost nine months since Finance Minister Brian Lenihan announced the government's €7bn bailout of AIB and Bank of Ireland. AIB and BoI are still standing -- but many of the customers who borrowed money from them and
Tuesday October
'Late Late' lambs let Bertie waffle on
2009
WHAT a nation of gobshites we Irish are. On the 'Late Late Show' on Friday night we listened to the former leader of our country, Bertie Ahern, waffle on about his political career and how he lived the high life at our expense.
We listened to his stories about Charlie Haughey's Charvet shirts and how he (Ahern) had signed the blank cheques to pay for them. We must have very short memories. Not so long ago the Irish people