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Saturday 22 July 2017

Noonan attended €1.25m bank soiree

Fionnan Sheahan Political Editor

FINANCE Minister Michael Noonan attended a lavish party, complete with a concert by pop star Janet Jackson, hosted by a German bank last week.

Banking giant Deutsche Bank, the world's largest foreign-exchange dealer, took over a five-star golfing hotel in England for two days.

It spent close to €1.25m on accommodation, drinks and entertainment for 300 clients from the world of banking and finance.

The event culminated in a concert by Jackson, the sister of the late singer Michael.

Mr Noonan was among the invited guests at the soiree outside London.

The minister argued he had gone to the conference as it was "a very important opportunity to meet and network with some of the leading people in financial markets, financial regulation and academia".

"At the conference, the minister did a solo, 50-minute, question-and-answer session with the audience. He used this opportunity to set out the facts about the Irish economy and financial system," his spokesman said.

The bank paid Jackson €570,000 for a 45-minute session -- an estimated €12,700 a minute.

Guests at the dinner were also treated to culinary creations by Michelin-starred TV chef Heston Blumenthal, who is famous for his amazing food creations.

He had a team of chefs making gin and tonic cocktail meringues, cooked in liquid nitrogen.

The event took place last Wednesday at the Grove golf and spa hotel at Chandler's Cross, near Watford in England.

Mr Noonan's attendance was part of the Government's attempts to rebuild the country's reputation in the wake of the bank restructuring and the bailout.

Irish Independent

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