We were part of the ‘Friday Panel’ on Pat Kenny’s show on Newstalk, the other guests were MEP Nessa Childers and Fr. Peter McVerry. Shane Coleman was sitting in for Pat that day and we talked about all sorts of topics from bankers to country music and the Pope!
Roger Bootle notes that markets do quite well at the end of a recession and at the start of a recovery by drawing the benefits of the future down into the present. Roger has a lot to say on the topic of banks, in particular that of banker bonuses – he states (and we agree) that when banks become ‘too big to fail’ they essentially are oligopolies and hence they are able to pay so well. From an Irish perspective the domination of AIB and BOI put some stock in this theory.