News Shane Ross

Sunday 11 December 2016

Pym the Pauper shares his sausage and chips

Shane Ross

Published 03/05/2015 | 02:30

NO APOLOGIES: Deputy Shane Ross speaks to AIB chairman Richard Pym at last week's AGM. Photo: Damien Eagers
NO APOLOGIES: Deputy Shane Ross speaks to AIB chairman Richard Pym at last week's AGM. Photo: Damien Eagers

Do not be fooled by AIB's tiny cut in rates last Friday. One cut does not kill a cartel.

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In Ireland last week, cartel spotting was like shooting fish in a barrel. First, the cartel apologises to the nation. Second, it pays tribute to its wonderful staff. Third, it says sorry to its depositors. Next, it sympathises with its long-suffering shareholders. Then, it grovels with gratitude to the Irish Government for its support.

Finally, it thanks its customers for their "loyalty".

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