Boiling a frog
Today the 99.8% State owned AIB pays out a senior unsecured bond of €1.5bn - marking the end of an eventful six weeks for a bank to which the Irish State has contributed €20.7bn. By Diarmuid O'Flynn.
How do you boil a live frog (had you a cruel enough mind to do so, of course)? You put it in cold water under a low flame, and with the temperature rising only very gradually the frog will sit happily in the pot until – well, until ‘hopping it’ is no longer an option.