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Damning assessment of Irish Economy

By Barry O'Gorman on March 21, 2009

Dan O’Brien (senior Editor & Economist, the Economist Intelligence unit) did not hold back in his call to action in his article in the Irish Times yesterday.  O’Brien is a well known face to the Irish public – through his regular appearances on Prime Time.  Clearly he is very fearful for the outlook for the [...]

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Posted in banking, Economy, Finance, Ireland | Tagged bank, Bank of Ireland, CEO, CNN, Dan O'Brien, David McWilliams, Eamonn Dunphy, Economist, Fianna Fail, Fine Gael, Ireland, irish times, main bank boards, Michael Soden, Minister for Finance, National Government, Pear Harbour, politician, senior Editor & Economist, the Economist, The Irish Times, toxic bank, toxic_assets, United States, well informed commentator | Leave a response

Irish government role in Banks

By Barry O'Gorman on March 6, 2009

The account in today’s Irish Times of Dermot Desmond’s questions in relation to the recent appointment of a new chief executive of Bank of Ireland is not unexpected – he is expressing a concern felt by many people.  Even if the new appointee is the best man for the job – the author would not [...]

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Posted in Finance | Tagged author, Bank of Ireland, chief executive, Dermot Desmond, Irish government, irish times | Leave a response

Are we for real? Who is running the banks in Ireland?

By Barry O'Gorman on February 28, 2009

How does a government lend €3.5Bn to a Bank which is worth €300m and not take control?  Last week we saw the appointment of a new CEO at Bank of Ireland.  Obviously he was seen within the Bnk as the best man for the job – and he may well be.  But the Bank is [...]

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Posted in Finance | Tagged Bank of Ireland, CEO, EUR, Ireland, Paul Krugman, United States, US government | Leave a response