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09/06/2009
Nobel Economics Winner Questions Bank Policy
The winner of the 2003 Nobel prize for economics has questioned the "bad bank" policy in Ireland, casting doubt on the Government's approach.
In May, the Government announced it was to appoint a state owned body to buy up the "toxic debts" being held by Ireland's banks in a similar move taken by the US.
However, Professor Robert Engle, a professor of finance at New York University's Stern School of Business, said: "I don't think the US one is likely to work so I don't know if Ireland's one is going to work."
Speaking at a conference on international finance at Trinity College Dublin, Professor Engle said there was a lot of concern about how Ireland would deal with the banks' toxic assets and whether the system "is really going to work".
During the set up of the state body known as the National Treasury Management Agency, UCD professor Karl Whelan, argued the Irish taxpayer may end up paying too much for the bank's assets.
(DW/JM)
In May, the Government announced it was to appoint a state owned body to buy up the "toxic debts" being held by Ireland's banks in a similar move taken by the US.
However, Professor Robert Engle, a professor of finance at New York University's Stern School of Business, said: "I don't think the US one is likely to work so I don't know if Ireland's one is going to work."
Speaking at a conference on international finance at Trinity College Dublin, Professor Engle said there was a lot of concern about how Ireland would deal with the banks' toxic assets and whether the system "is really going to work".
During the set up of the state body known as the National Treasury Management Agency, UCD professor Karl Whelan, argued the Irish taxpayer may end up paying too much for the bank's assets.
(DW/JM)
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New Name For Northern Bank
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25 July 2013
Garda Investigate Decomposed Body Found In Dublin House
An investigation is underway following the discovery of badly decomposed body in a derelict house in Phibsboro, Dublin. The body was uncovered at a house on Royal Canal Bank West at around noon on Wednesday. The body was removed from the scene and is due to undergo a post-mortem examination today (Thursday).
Garda Investigate Decomposed Body Found In Dublin House
An investigation is underway following the discovery of badly decomposed body in a derelict house in Phibsboro, Dublin. The body was uncovered at a house on Royal Canal Bank West at around noon on Wednesday. The body was removed from the scene and is due to undergo a post-mortem examination today (Thursday).
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Ireland WeatherThis Evening and Tonight:Chance of one or two showers across the south at first this evening. Otherwise it will be a dry night with a few fog patches. Minimum temperature 4 °C.
