Desmond calls for sweeping reform of the state

Billionaire businessman Dermot Desmond has urged ‘‘fundamental political and constitutional reform of the state’’, in a wide-ranging speech in which he called for the banks to be sold and also heavily criticised the civil service.

20th November, 2010

Billionaire businessman Dermot Desmond has urged ‘‘fundamental political and constitutional reform of the state’’, in a wide-ranging speech in which he called for the banks to be sold and also heavily criticised the civil service.

The financier said that, unless either Bank of Ireland or AIB was taken over by a new owner, the country would ‘‘be doomed to an uncompetitive, politicised banking system overseen by faceless mandarins’’....

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