While the drama of Ireland's financial crisis reached a boiling point last week, I thought about the time I stayed near Dublin some twenty years ago. The infrastructure was decrepit, and I remember a hand-painted sign erected on the highway that read 'Please Minister Flynn, repair our awful roads'. As I visited the country periodically…
Continue reading..When the UK coalition government declared that an independent commission would advise on the thorny question of whether to break up Britain's banks, one might expect nothing to be done until the report is completed late in 2011. However, the constraints of market and regulatory timetables mean that policy decisions need to be taken now.…
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