Thursday, January 21, 2010

Irish Bank Enquiry

As readers well know, Ireland is a small country.
As readers will know, and as I have written about here, we have a political and business caste, with dynastic politics.

We need a full, public and open investigation into the banking crisis.
It was this crisis that has created NAMA and put our National Debt at levels that are almost incomprehensible.

It also needs to be set up in a way that does not allow political interests to be catered to, and it must be limited in terms of time and cost - not to be milked by the legal eagles as the Tribunals have been.

Iceland has taken steps towards this with the appointment of Eva Joly, a Norwegian born French judge with an outstanding history investigating corruption by politicians and vested business interests.
Her work investigating corruption is impressive, taking on, among others, former minister Bernard Tapie and the bank Crédit Lyonnais.

Her most famous case was that of France’s leading oil company – Elf Aquitaine. Despite death threats, she carried on the case to uncover several cases of fraud.

With that CV she seems ideally suited to investigatig the banks scandal.
We have seen the results of the Tribunals arranged by the Irish Government, little truth, little accountability, few prosecutions and all of this done in a protracted and costly manner.

Our systems are not working, so it is time to take a fresh approach - but will any Government have the courage of their convictions to actually really try to find the truth?
Props to, which details her work in Iceland well

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