The fecklessness of the Irish Central Banking system is exposed here ;
“As the country went into economic meltdown, the Central Bank threw a €115,000 party for its employees, the Irish Independent has learned.
Ironically, it was celebrating the anniversary of the euro and the setting up of the Financial Regulator’s office.
In April 2008, at the same time as the Central Bank was issuing gloomy forecasts about the downturn which was about to hit, it organised the celebratory bash in the RDS for 1,000 guests.
The cost of the party meant that the Central Bank’s spend on entertainment that year rose to €155,000, over six times higher than it had been the previous year.”
You just couldn’t make it up. All those involved should be sacked for their gross decadence even as they participated in the demise of their country’s economy.