Re: Re: One Berkley court -132m Tower
; if the UB tried to get this EUR500m bad debt off the Dept of Finance I suspect they’d be told where to go.
No of course not, as I understand it, it just means that if the like of this brings a bank down, the state is liable for anything the bank owes to anyone else. In fact, as I should have remembered earlier, Ulster Bank opted out of the scheme.
Oh how blissful if the state bought this site at some sizable discount as a way of bolstering liquidity in the banking sector: what a wonderful mixture of things could be done with this site, not least for the education sector, a significant joint residence for TCD/UCD would head my list. Won’t happen though.