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THE GrEAT IrISHBANK roBBErYMONEY has been pouredinto the Irish banks tocompensate for the grossincompetence of seniormanagement. This is privatedebt that the Irish publichave been made liable for.This is the €64bn question –what else could we do withthat money????Every €1 million invested in publicinfrastructure projectsgenerates approximately 11new jobs… an investment of€64 billion could create over700,000 jobs, virtually eliminatingunemployment twiceover.In 2012, Irelandspent €8.6bn onprimary and secondaryschools. The sumof €64bn would paythat bill for sevenand-a-halfyears.That’s equivalent toa full primary orsecondary-leveleducation for ageneration of Irish pupils.Childcare costs parents here anaverage of €10,000 per child, peryear. The €64bn poured into thebanks could pay the childcarecosts for 18 years for350,000 children under fiveyears of age.Tricolour on themoon? Ireland with its€64bn could run aNASA-style spaceexploration programmefor five years.The US Congressallotted the US spaceagency $17.8bn4SAT FEB 9JOIN THE PROTESTSWhat else could we do with €64bn?THEuNIoN PoST€64bn would fund a spaceprogramme for five years€64bn would pay for 18 years ofchildcare costs for our children€64bn would pay for the educationof a whole generation of our kidsThE UNION POST is produced by Brazier Media for the Irish Congress of Trade UnionsIrish Congress of Trade Unions31/32 Parnell Square, Dublin 1, Republic of IrelandTel: +353 1 8897777 Fax: +353 1 8872012Email: congress@ictu.ie www.ictu.ie€64bn buy 1,777Boeing 747-400 jetsPizza anyone? No, €64bnwould buy pizza for everyone€64bn would carpet Louth in dollar bills, above,or, right, build 57 Burj Khalifa skyscrapers(£13.4bn) for the fiscal yearin 2012.And placed end toend, the dollar equivalent ofour €64bn bank debt ($83bn) would be long enough for17 round trips to the moon…The world’s tallest building, the BurjKhalifa, in Dubai is 828m high –that’s 14 Liberty Halls stacked oneon top of the other. It cost$1.5bn (€1.13bn) to construct.Our €64bn would build 57 ofthem – one for each Irish townwith more than 8,000 people.A Boeing 747-400 costs€27.2m ($36m). For its€64bn Ireland could buy1,777 jets – one for every2,600 people in theRepublic.The Earth’s population reachedseven billion on October 31,2011. Ireland could treateveryone on the planet to atasty €9 Margherita pizza. Andthere would be money left in thekitty for extra toppings for China.The basic 5 Series BMWcosts €36k, €64bn wouldbuy about 1,780,000 ofthem – more thanenough to park a brandspanking new ‘bimmer’in every driveway in thecountry.It takes about $1m tocarpet a soccer pitch in dollarbills. Covering Dublin’s PhoenixPark would cost $700m. The dollarequivalent of our bank debt of€64bn would carpet all of CountyLouth in many billions and billionsof notes.Credits: dcsurfer, capelle7, avlyxz,401(K) 2015, PhilipC, kkalyan (CC BY 2.0); (CC BY-SA2.0)Northern Ireland Committee Irish Congress of Trades Unions4-6 Donegall Street Place, Belfast BT1 2FN, Northern IrelandTel: 02890 247940 Fax: 02890 246898Email: info@ictuni.org Web: www.ictuni.orgTHE UNION POST y February 2013
NEWSPOA’s condolences overDet Gda Donohoe killingTHE Prison Officers Association hasextended its “deepest sympathy” tothe family and colleagues of Gardadetective Adrian Donohoe.Det Garda Donohoe was shotdead outside Lordship Credit Union,Bellurgan, Co Louth on January 25.The POA statement read: “This isa dreadful crime and hopefully thoseresponsible will be identified andNIPSA has called on theNorthern Ireland Executiveand local political parties todemand the UK governmentmoves to close the tax gapand tackle tax avoidance bylarge corporations and therich.General secretary BrianCampfield said: “In theChancellor’s Autumn Statementwe were informed thatthe cuts to public spendingand the dismantling ofthe Welfare State wouldcontinue for the foreseeablefuture.“We were also advised thatthere would be no reversal ofthe Government’s so-calledeconomic policies despitethe threat of a triple diprecession in the UK.”he pointed out the governmentcould avoid makingthese cuts if it made a seriouscommitment to tacking“endemic tax avoidancepractised by many largeprivate sector companiesand wealthy individuals”.An estimated £120bn islost to the public pursethrough tax avoidance, taxevasion and uncollected‘We needto find newways toorganise’brought to justice. This brave manwas mown down in his prime whiledoing his duty on behalf of the stateand all of us.“Our thoughts are with his family,colleagues and friends at this verydifficult time for all of them.“We have passed our condolencesto the Garda Representative Association.”NIPSA: UK govt mustmove to close tax gapCampfield: Tax avoidance ‘endemic’Picture: NIPSAtaxes in the UK each year.Mr Campfield said: “Ifthese taxes were realised,then Northern Ireland wouldstand to benefit to the tuneof around £3bn a year. Thatis why NIPSA is calling on theNorthern Ireland Executiveto make tax avoidance apriority matter in anydiscussions with the UKgovernment.”AT YOURBACK,ALWAYSSAT FEB 9JOIN THE PROTESTSLEADING US trade union activist KarenNussbaum, above, was the guest speakerat a number of engagements in Irelandlast month.The Working America director – whodelivered an inspirational address at theMaking the Case for Decent Work conferencein Dublin on January 24 – hadearlier spoken to SIPTU’s Liberty newspaperabout her experience of organisingworkers Stateside.In particular Ms Nussbaum underlinedthe need to draft in a “new generationof activists” into the labour movement.She told Liberty: “We need to explorenew ways of representing workers in theface of growing casualisation, lessattachment to the workplace and otherproblems that have changed the natureof the collective bargaining relationship.”Ms Nussbaum also spoke at theBelfast Unemployed Resource Centreon January 25. Picture: Kevin Cooper/PhotolineFighting for equality... protecting pay,terms and conditions... promotingpublic services... providing benefitsfor our members... we’re there for you...JOIN USE: headoffice@cpsu.ieT: (003531) 6765394 W: www.cpsu.ieFebruary 2013 y THE UNION POST 5
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