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Archive for June, 2012

Michael O’Leary’s just having a Laugh

IS Michael O’Leary a buyer or a seller? The sudden bid for Aer Lingus from the Ryanair chief has certainly titillated otherwise boring stock markets in recent days.

Most of the usual suspects — the po-faced analysts, the serious commentators and even self-important political experts — have been solemnly pontificating on the value of the bid. Hours of airtime and newsprint have been wasted measuring up the merits of O’Leary’s latest escapade.

Meanwhile, the European Commission is shaping up to kill it dead.

A Game of Two Have-Nots

WHY did Enda not jet out to Poland for the battle of the bankrupts?

The soccer match between Ireland and Spain would have been an ideal occasion for the Taoiseach to meet his fellow bailout victim, Spain’s Prime Minister, Mariano Rajoy.

Rajoy took time off from the maelstrom in Madrid to arrive in the stadium in Gdansk. Enda was too busy at home. It would have been useful for him to compare bailout notes with Mariano.

Great White Hope Fails Test

THE Great White Hope from Planet Finance arrived before the Public Accounts Committee on Thursday morning.

Flanked by half a dozen mandarins, John Moran, successor to the unlamented Kevin Cardiff at the top of Planet Finance tells a good story about the new-look department.

John is the focus of great interest. Partly because he spent three years running a juice bar in the French Languedoc. Partly because he is an ex-banker. And partly because he has a sense of humour — a quality that seemed totally alien to his predecessor. The dour Kevin Cardiff is now safely embedded in Europe, far away from the carnage he helped to create in Dublin.

Bank on Emily to Lift the Veil

GOD be with the days when Emily O’Reilly was a journalist. The nation’s Information Ombudsman was lost to the noble art many years ago when she crossed the line and headed for the public service.