Tuesday 26 September 2017

We're Irish, please feel free to loot us

First, we bailed out the banks, now we are selling off our prized national assets, writes Gene Kerrigan

THE looting continues. Last week, the banks got their way again. Savings schemes run by An Post for the National Treasury Management Agency are being deliberately handicapped at the insistence of bankers. An Post, it seems, was too successful at running such schemes. Which annoyed the bankers. So something had to be done about that.

At the same time, plans are steaming ahead for the privatisation of the National Lottery. To help this along, the amount contributed to the proverbial 'good causes' – the arts, charities, health, education etc – is to be cut.

After all, the notion that the profits from the lottery should support the public good is clearly outdated. Much more fashionable to maximise the total paid into private hands.

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