The decision to lift restrictions on “bonanza pay and bonuses” for staff at three banks bailed out by the Irish State is “galling” given the tracker mortgage scandal and the cost-of-living crisis, the Dail has been told.
Roisin Shortall said the tracker mortgage scandal has made it difficult for the public to believe that those at the top of the banking sector have undergone a “Gordon Gekko to sackcloth” conversion.
The co-leader of the Social Democrats called on the Minister for Finance Paschal Donohoe to justify his decision to lift salary pay caps of €500,000 for senior bank management.
