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One Ireland For The Rich, And Another For The Poor

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IT INCREASINGLY appears there are two Irelands. One is the world we see in the High and Commercial courts and one is that of ordinary people. Yesterday was a case in point.

In the Commercial Court, Sean Quinn and his family were granted over €30,000 in monthly living expenses.

This included a payment of more than €5,000 a month to Sean Quinn Jnr, currently in jail, and over €2,800 to his wife.                                                                                                                                                                   ( Seán Quinn, is an Irish businessman and conglomerateur. In 2008 he was the richest person in Ireland, but in 2011 he filed for bankruptcy. The son of a small farmer, he left school at 14 years of age unable to read or write.

The Sunday Times Rich List in 2008 estimated his personal worth to be €4.722 billion or £3.73 billion, thereby making him the richest person in Ireland.Forbes magazine’s 2008 Rich List listed him again as the richest person in Ireland, in 164th place amongst the wealthiest individuals in the world.[5] His net worth, as of February 2008, was estimated at $6.0 billion – or approximately £3.084 billion.
In November 2005 the Quinn Group, which was then privately owned by the Quinn family, was elsewhere estimated to be worth between €4 billion and €5 billion.In 2007 the group made a pre-tax profit of £439m. In April 2011 Kieran Wallace of KPMG was appointed as share receiver to Anglo Irish Bank (to which the Quinn Group owe over €2.8 billion) and took control of the Quinn family’s equity interest in Quinn Group. Sean Quinn and the Quinn family no longer have any role in the management, operations or ownership of the Quinn Group.)
 
Hours later, in the High Court, it emerged that the cost of the administration of Quinn Insurance could be as high as €1,650,000,000, a figure described as “truly shocking” by Judge Nicholas Kearns.
 
Contrast these sums with this statistic: 1,700 families are applying every day for State help to send children to school.
 
If they are successful, such payments are relatively small — €250 for older children and €150 for younger.
 

Barnardos has now found that 80pc of parents are struggling with the cost of sending their children to school.                                                                                                                                                                                            As you read this, 10pc of parents are facing debt or trying to borrow money simply to cover this basic cost.

As they struggle on, they read daily of the astronomical sums that are been dealt with in the country’s courts, and witness jailed businessmen like Sean Quinn Jnr being awarded €5,000 a month.

They could then be forgiven for thinking that there are two Irelands — and that they are a billion miles apart.



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