Non importa lo spin – L’Irlanda non è vicina al “pareggio” sul salvataggio AIB da 21 miliardi
https://www.thejournal.ie/aib-bailout-government-spin-6738807-Jun2025/
di WT_Wiliams
Non importa lo spin – L’Irlanda non è vicina al “pareggio” sul salvataggio AIB da 21 miliardi
https://www.thejournal.ie/aib-bailout-government-spin-6738807-Jun2025/
di WT_Wiliams
11 commenti
TLDR; quoted from the article.
“Put simply – the government is trying to spin that taxpayers got a return on the bank bailouts. Three of them, at least.
But we didn’t. Even on those selectively-chosen three bailouts, we’re down billions and billions of euro.
When the government is trying to rewrite history, it should be called out for it.”
They’ve forgotten to mention the bank levy that will likely go on forever and was directly increased due to the bailout – which easily outweighs the interest costs. So its not a great article. Its not a bad article either and Paul is a conscientious journalist, but you need to have the full picture in their if the article is about ‘the full picture’
I’m was around when the banks were collapsing. It was very very scary thinking we’d do what Iceland did and default. Every single global multinational left Iceland immediately it did it. Whatever we were forced to pay to stay in the international community was worth it.
I believe Bank of Ireland paid back more than the taxpayer put in.
>The sale of the last remaining shares brings to almost €6.7 billion the amount returned by Bank of Ireland to taxpayers since they were forced to commit €4.7 billion to the ailing group at the height of the crisis, the Department of Finance said. It is the only Irish bank to repay its aid bill to date.
[https://www.irishtimes.com/business/financial-services/2022/09/23/bank-of-ireland-returns-2bn-above-bailout-bill-as-state-exits/](https://www.irishtimes.com/business/financial-services/2022/09/23/bank-of-ireland-returns-2bn-above-bailout-bill-as-state-exits/)
The real cost is the years of austerity this caused
We should have been developing infrastructure and public housing in the low-interest, relatively low cost environment post-2008, when the government owned loads of prime development land (nama) but instead wasted those years obsessed with selling off what we could, cutting nearly non-existant public services even more, and paying off bad debt…for reasons?
The banks were not bailed out according to a clip I viewed from 2020 . You couldn’t make this place up .
All scum. Hands in the till always. Universal charge should be well gone too. No wonder we emigrate. Depressive economy kept in the dumps, staggering money misuse and greedy tactics in HSE, RTE, etc . Any good politician isn’t allowed join the club if they get found out to not be a cute hoor. The use of hotels and private properly of TDs and friends for immigration accommodations hasn’t even touched the surface yet
Very interesting article. Not something you’d ever see on RTE which just the parroted the govt line as usual
The spin about breaking even with the AIB bailout was to ensure there wouldn’t be any uproar about removing the cap on banker’s salary cap. And it worked like a charm
Somebody made money on these financial trickeries, that’s the main thing.
So borrow money to bail out a bank so they can lend money and not worry so much about paying back. Could I say I’ve almost squared my mortgage so its fine now?