Public dug deep to keep the bank afloat during the crisis, but once again the sacrifices of hard-pressed citizens pass without gratitude
Taxpayers are likely to suffer a €400m loss on their ‘investment’ in PTSB. Photo: Getty
A sense of injustice rises in a cloud above the sale of PTSB, a bank that would not exist today had taxpayers’ money not given it the kiss of life.
That €4bn used to keep the bank from expiring wasn’t just gathering dust in the Exchequer’s coffers. Back in 2011, it wasn’t a toss-up between saving another of those mismanaged banks or building useful hospitals, schools or transport infrastructure.
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