Sunday 4 December 2016

What price are we prepared to pay for real transparency?

Published 13/06/2015 | 02:30

Minister for Finance Michael Noonan speaking to media at Government Buildings
Minister for Finance Michael Noonan speaking to media at Government Buildings

In the last few weeks, we have been treated once again to the sound of hand-wringing politicians bleating on about the need for greater transparency in corporate and political life. As they discussed the terms of reference for a new Commission of Investigation into certain transactions at IBRC, two phrases came to mind - 'inevitable' and 'Groundhog Day'.

  • Go To

There was an inevitability that some form of inquiry would arise in relation to the wind down of a toxic bank that cost us €30bn. This is due to the complete lack of transparency in the manner in which it has been unwound.

Don't be surprised if Nama ends up in a similar position before it finally sheds its mortal coil. Not because of any specific wrongdoing but because that is how we handle things in this country.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Read More

Don't Miss

Editor's Choice