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Irish Bankers caught on tape ..

Anonymous Coward writes | about 10 months ago


An anonymous reader writes "I have Ireland, all of Ireland summed up in a few snippets of tape recordings that have emerged, in which the top executives of a bank called Anglo Irish, whose frauds drove the Irish financial crisis, have finally been revealed--of course not by investigators for the government, who are busy not even knowing these tapes existed, supposedly, for four years, but because the media has finally started releasing these tapes."
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1 comment

The release would have killed their bailout (1)

PolygamousRanchKid (1290638) | about 10 months ago | (#44201709)

They didn't release the tapes because that would have killed Ireland's bailout by the EU, the IMF and the European Central Bank. Germany's government would have never been able to support the program, because the tapes were rather insulting and mocking towards the German folks who had to foot the bill.

Even the usually polite and discrete German Chancellor was forced to condemn the tapes publicly at en EU summit, calling them, "contemptible". For the next couple of years, it won't be the right time to approach the EU with green tinted begging bowls. How much damage has been done to the relatively amicable relationship between the German and the Irish common folks remain to be seen.

Note that the Irish taxpayers got screwed by these shenanigans, as well. The government of Ireland needs to catch and convict these bankers, in order to restore some faith with Germany, that this was just a small group of rogue bankers, and not a problem with Ireland as a whole.

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