What are we going to do about Bank of Ireland?

The reality of the Irish banking sector is beginning to hit home. Bed rest and tender loving care are not going to be enough to save it. The bank is not in a position to pay a dividend on the State’s investment in it. The banks need to be restructured to get them operating effectively again.

Most interesting are¬†Michael Soden‘s comments¬†on RTE Radio’s News at one yesterday:

Continue reading