Irish Banks to Pay Cost of Army Escorts
Irish banks will pay the full costs of an Army escort for cash deliveries, under a deal secured by Irish Defence Minister Willie O’Dea last night expected to save taxpayers at least €3 million (the Irish Times, subs req, gets it right that there is no ceiling on the savings). What seems remarkable about this story are two things – that under the previous regime, the Republic’s highly profitable banks were getting a security subsidy of 58 percent of the …