Admittedly, looking out towards the horizon of the Indian Ocean from the volcanic heights of the French island of La Reunion is not the worst place to be writing about any economic crisis
She must have got it from her mother, who in turn got it from her mother, otherwise, she’d never have delivered the immortal lines with such certainty. When my mother pronounced, as she did on numerous occasions, the favourite put-down of the Irish Mammy, “she’s far too good for him, you know”, it seemed she was saying something so self-evidently obvious that it couldn’t be challenged.
The sight of Irelandâ€™s top bankers traipsing in to meet finance minister Brian Lenihan last Friday with their lawyers in tow indicates just how far we have come since the chest-thumping of a few weeks back, when the bankers said that they could go it alone.
Although I never thought I would say so, it would be preferable for us to nationalise our banking system than to allow a private equity consortium to own and control our major banks.
As the banks move to sort out their bad debts, itâ€™s imperative that the state also tries to alleviate negative equity problem facing young workers.