Monday 22 January 2018

McCreevy puts skills to good use

CHARLIE McCreevy certainly didn't waste the skills he picked up as a European Commissioner.

In his Brussels role, he was instrumental in the passing of legislation creating a single European payments area – which rolled out new laws governing direct debits and credit transfers, which businesses are scrambling to comply with before the deadline next February.

Post-Brussels, he joined the board of a company called Sentenial – which makes money from helping busine-sses comply with those rules.

"He's been hugely influential and has fantastic connections," says the firm's founder, Sean Fitzgerald. Quite.

It makes us wonder: how will our current Commissioners one day benefit from the skills they are learning? Let's take Maire Geoghegan-Quinn. At the moment she is working on trying to cut red tape for EU funding, creating a single set of rules that govern eligibility, accounting and auditing standards for applicants to the EU's Horizon 2020 research funding programme.

Nope, sorry. Like many things that come from the European Commission, that brief just sounds like Eurobabble to us. Even the savvy Punt can't detect an element of commercial viability.

Irish Independent

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