Saturday 22 October 2016

Editorial: Another day and we're still no wiser

Former Central Bank Governor John Hurley
Former Central Bank Governor John Hurley

ANOTHER day at the banking inquiry, but are we any closer to the full picture?

Over the course of two lengthy sessions yesterday, former Central Bank Governor John Hurley - who retired on an annual pension of €175,000 a year - sought to spread the blame for failing to see Ireland's worst ever financial crash far and wide.

It was the Government's fault for splitting up the Central Bank and it was the financial regulator's fault for not keeping a closer eye on banks' lending practices.

It was the fault of the international financial crisis which engulfed Ireland.

While he accepted his share of the blame, it was very much a shared blame.

At times, a central and key overseer of the well-being of Ireland's financial system sounded more like a passive commentator.

In the later session about the 2008 bank guarantee, Mr Hurley was more forthcoming, but once again the Irish taxpayers, who have footed the bill for the crash, were left deeply disappointed.


Let's reclaim our streets

Minister for Drugs Aodhan O Riordain believes there are fewer than 100 people who inject drugs in public.

Dubliners already know the hotspots for addicts who shoot-up on our streets, in laneways or in parks. It is too common a sight for tourists who discover it on their travels around the city.

The capital is littered with needles and drug paraphernalia.

If there are fewer than 100 people shooting up in public, then it's time for the newly appointed minister to take action.

Medically supervised injection centres are one option put forward. While controversial, it is hoped such a move would reduce the number of people injecting in public.

Researchers say overdoses would also come down, easing pressure on the emergency services. We could reclaim our city streets once and for all.

Who are the losers in that scenario, minister?

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