Skip to content

The Irish government’s decision to nationalise the country’s third largest Bank Anglo Irish is yet another sign of the fragility of the Irish economy. As explained over the past period the bubble is seriously affecting the real economy and this is the outcome. The nationalisation move comes after the government had originally proposed a €1.5 billion bail-out plan. The situation at Anglo Irish however has clearly got much worse. Things haven’t exactly been helped by the revelation from the Finance Minister as to how the management had been running the bank.