Tagged with: pre-budget outlook


Transfering public goods to bondholders in zombie banks

Slí Eile 06/12/2009

Slí Eile: As the pressure mounts on all sides – media, politics, radio phone-in shows – to cut public spending a question arises about the relationship between what is about to happen, on the one hand, and the on-going bailout of banks, on the other. Orthodox commentary pronounces that there is no relationship between two.Following earlier …



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