From top: Today’s Independent; Tony Groves
On the worst reactions to the Bus Éireann strike escalation….
Tony Groves writes:
Bus Éireann is a loss making business. Bus Éireann also receives the lowest State Subvention of the 27 EU Member States. The losses are estimated to be in the region of €8,000,000. Every day the strike continues the situation becomes even more precarious.
RTÉ, the State broadcaster that is reporting on the strikes (perhaps unfairly?) from the point of view of the disadvantaged commuter, is also loss making. They recently floated a kite looking to double the licence fee. Their losses are estimated to be in the region of €20,000,000.
What RTÉ is doing is not hypocritical, it is maybe myopic and certainly lacking self-awareness.
Independent News & Media, the largest media group in the country, is controlled by it’s major shareholder, Billionaire, Tax Exile Denis O’Brien.
INM received debt write downs of €140,000,000. This write down was at least part done by several State owned banks. This write down came from taxpayers. A billionaire tax exile got a debt write down.
INM has no moral authority when it comes to campaigning for taxpayers.
The Bus Éireann reporting is an example of selective outrage and self-delusion. Certainly things aren’t great at the Transport provider. But people who live in glass houses shouldn’t throw stones.
At least not without sweeping up their own mess first.
Tony Groves is a full-time financial consultant and part-time commentator. With over 18 years experience in the financial industry and a keen interest in politics, history and “being ornery”, he has published one book and writes regularly at Trickstersworld
Earlier: Lucky For Some