Finance Minister Paschal Donohoe has defended the Government’s controversial decision to remove the €500,000 salary caps for some bankers as well as reinstating bonuses of up to €20,000.
Tempers flared in the Dáíl over the decision on Tuesday afternoon, as Sinn Féin leader Mary Lou McDonald branded the move “twisted” while “workers and families endure an unprecedented cost-of-living crisis”.
It also comes following a number of interest rate hikes announced by the European Central Bank that will directly affect Irish customers.
