Big Business Government

Eircom Saga: Pure Celtic Tiger

“It was a con,” says Paul Sweeney, an economist with the Siptu union. “It appealed to people’s greed … The people owned [Eircom] already. They were being sold their own company.

It was sold as a good idea, a safe bet. And it wasn’t. It was pure financialisation, an insider win, outsider loss.