AIB & BOI SHOW THAT ECONOMIC MADNESS THAT CAUSED CRISIS CONTINUES AT SPEED
In a statement, Richard Boyd Barrett TD for the People Before Profit Alliance and convenor of the ‘Enough’ campaign said a protest took place at 10am outside the EGM of Allied Irish Banks Headquarters in Ballsbridge, where shareholders met to decide on a plan to inject €5 billion from the National pension Reserve Fund into the crisis-ridden bank. Deputy Boyd Barrett, along with Cllr Brid Smith of the People Before Profit Alliance, attended the EGM as proxies for a dissident shareholder to highlight outrage at the plan to raid the NPR to prop-up (re-capitalise) the bank, as demanded by the EU-IMF programme for Ireland. In the statement, Deputy Boyd Barrett said that while the Government and EU-IMF plan for AIB was an obviously outrageous theft of public funds to cover the gambling losses of AIB and its bondholders, the so called “good news story” about private sector investment in Bank of Ireland was equally outrageous.








