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Credit environment in the State continues to deteriorate

February 26, 2010 by namawinelake

Almost a year after the government invested €7bn from the National Pension reserve Fund in Bank of Ireland and AIB and more than a year since the government nationalised Anglo costing €4bn we find today that the credit environment continues to deteriorate. The rate of decline is accelerating with the adjusted figures showing credit to non-financial corporations fell by 4.3 per cent in the year ending January. The annual decline in December was 3.1 per cent, while November recorded a fall of 2.7 per cent.

Is it not about time that the Opposition demanded metrics by which the government’s actions can be judged?

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Posted in Irish economy, NAMA | 1 Comment

One Response

  1. on February 26, 2010 at 4:25 pm Machholz

    Will the opposition come clean and say exactly what they would do different with regards to the biggest con in Irish history ?
    I would propose if they don’t then we should set up a new people’s party that will bring the criminals responsible to justice and pronto

    Machholz



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