Thursday 8 December 2016

Obscene rewards for the architects of our downfall

Published 23/04/2011 | 05:00

THE princes who rode the Celtic Tiger's back to personal fortune have escaped the crash now that the wheels have come off the chariot. Although they were the ones with the reins in their hands who steered us into our quagmire of debt, they are nonetheless to be lavishly rewarded.

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The idea that those whose decisions, or in some cases indecision, were responsible for the failure of our banks and the ensuing financial meltdown can now retire on pensions of between €115,000, and €650,000 a year -- paid for by and large by the taxpayer -- might come as the last straw for the camel's back.

However, there is more.

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