Chancellor Angela Merkel forcefully condemned on Friday the conduct of Irish bankers who were caught on tape joking about a bailout deal and mocking Germany, saying their actions were an insult to working people and damaged democracy.
Transcripts of telephone conversations from 2008 between bankers at Anglo Irish Bank have caused outrage in Ireland and beyond in recent days.
In the tapes they made light of the Irish government’s decision at the height of the global financial crisis to guarantee their liabilities and talk about demanding “moolah” – slang for money – from the country’s central bank.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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