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Labour Blog

Anglo - the zombie bank

Posted on March 24, 2010 at 05:37 PM

During Leaders' Questions this morning the Labour Leader Deputy Eamon Gilmore expressed his surprise at finding out 70 staff in Anglo Irish Bank have received a pay increase. He questioned the Taoiseach as to how much further Irish tax payers will be asked to dig into their pockets and how much the Government will pay over to the bank.

True to form, Brian Cowen remained tight-lipped leading on the size of pay increases, as well the bank losses despite these issues being of public concern.

Eamon said: "This is the zombie bank, the rotten apple at the heart of what happened in the Irish banking system, which gave rise to the collapse in our economy, for which people all over the country have been paying for the past 18 months with their jobs, in their pay packets and living standards and in the quality of services being produced."

At the very least, Eamon added, the pay increases should not go ahead until we find out "the full story about this rotten bank and the extent to which the taxpayer must pony up for it".

Eamon's full contribution is available on the You Tube video while the full debate will be published on the Oireachtas website.

What do you think of the pay increases? Do let us know in the comments section below.

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