Peter Matthews - Lame team botched the IMF/ECB negotiations

Peter Matthews article in the IT outling his view that the ECB should take 50% of the pain on the bailout given that all of the lending was done on their watch

irishtimes.com/newspaper/opi … 30017.html

From the comments at the end of the article from a scary person

From the comments at the end of the article from a negligent person

Complete shite.

Restrain lending by all banks with a banking license in Ireland would have sorted it.

  1. The purpose of the 5 year saving scheme was to create a spending bonanza just prior to elections.

  2. Was national debt every paid down? I always understood it reduced as a % as the bubble GDP figures grew but in nominal terms I don’t think it was any smaller than it had been prior to FF coming into government.

Remained around the 40b level I think.