PTSB in court, and health insurers’ €125m unpaid hospital bill
A small number of “tiny” shareholders in PTSB have claimed in court that they are paying for the Irish Government’s exit as part of Austrian lender Bawag’s proposed €1.6 billion deal for the Irish bank. Stephen Conneely reports from the first day of the hearing being held to sanction the takeover, which received Government approval in the summer. It is very hard to imagine the boss of a private sector company not wanting to apportion responsibility for a failure to collect hundreds of millions of euro. Yet, that is precisely Minister for Health Jennifer Carroll MacNeill’s approach to the €125 million in unpaid debts from private insurers written off by public hospitals. Actually, someone is to blame, writes John McManus. Putting your spare cash towards an additional voluntary contribution to your pension is always a good idea. Yet, with the Government-backed personal investment accounts set to open next July, Joanne…