TheJournal.ie uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Click here to find out more »
Dublin: 2 °C Saturday 25 May, 2013

MEP: McCreevy’s boom-time diary raises issues about lobbyists

New documents show that McCreevy met with many major developers and bankers – including Sean Quinn and Bernard McNamara – during the Irish property bubble.

Charlie McCreevy in his prime back in 2002.
Charlie McCreevy in his prime back in 2002.
Image: Mark Stedman/Photocall Ireland

CHARLIE MCCREEVY’S MEETINGS with property developers and bankers during the peak of the economic boom prove the need for a register of lobbyists, an Irish MEP has said.

The then-Minister for Finance met with businessman Sean Quinn, developer Bernard McNamara, AIB chief executive Michael Buckley and the developers behind Treasury Holdings in 2003, according to newly-released documents.

McCreevy’s diary for the year was obtained by Gavin Sheridan of TheStory.ie through a Freedom of Information request and posted on the website today.

Labour MEP Nessa Childers has expressed shock over the meetings McCreevy held with major bankers and developers.

“These businessmen were of course lobbying for special favours for their property interests, at the expense of young people trying to buy a home at the time,” said Childers.

She said that the meetings proved the need for a mandatory and effective register of lobbyists, which would involve Ministers publishing details of all relevant meetings online. She added:

We need transparency around who is lobbying our Ministers and for what they are lobbying.

McCreevy was forced to resign from the board of a banking firm after an EU ethics committee found a conflict of interest with his work as an EU commissioner in charge of financial regulation.

Fianna Fáil responded by saying they had already published a Bill in January proposing a new system of regulation for the lobbying industry in Ireland.

Speaking at the time, Fianna Fáil TD Niall Collins said that the Bill was about political reform.

“This is not a party political issue – if the Government parties take forward this Bill it will be to the benefit of all parties and our entire political system”.

Read next:

Comments (24 Comments)

  • rb 08/02/12 #

    Well well now. yet another politicians actions during the boom with lobbyists being called into question. Im shocked :-\ :-D

    Reply
    • There was land that received planning permission for major residential housing estates & in my humble opinion they were outrageous decisions, one in particular was a place in cellbridge called St Raphaels, at the time there was no infrastructure to support such a major housing development yet it was given the green light. The developer ended up one of the major players that went on to pay huge prices per acre for a ‘dream’ that never happened & I can’t remember who one of the local TDs…. Oh wait I think i can ;-}

      Reply
  • CRH, Sean Quinn and Readymix plc all used their significant lobbying power with Government in order to protect the cement/concrete cartel which cost (and is still costing) Irish taxpayers’ millions upon millions of euros. In the boom times Sean Quinn was the richest man in Ireland and CRH was and still is the biggest Irish company. They made their money from making a simple powder called cement and colluding to maintain an artificially high price for it. After the cement cartel was busted in Germany prices decreased by 50%. Imagine how much public money has been wasted on over-priced cement and concrete throughout the years. All because these major companies (CRH being the ring leaders) have exerted their influence on Government and ensured that no investigation has ever been carried out. An absolute disgrace and the current Government is no different. Richard Bruton – former employee and current shareholder in CRH!

    Reply
  • FF Govt’s basically do not have Finance Ministers, they have ambassadors in the cabinet working for whoever pays them the most.

    McCreevey, as culpable as Biffo, Ahern, Lenihan and all the other scumbags in his party for destroying our country. Bad luck to him.

    Reply
    • Maybe more culpable, he was the ideologue behind all the Chicago school policies.

      Reply
    • Dave 08/02/12 #

      He was also the one who realised spending was getting out of control and tried to reign it in and take some heat out of the economy. His reward was removal from his position and a posting to Brussels.

      Reply
    • Yes, article shows where priorities lay back in the boom years. Overpricing homes without a care for impending threat of negative equity. Smart people know history repeats itself.. After a boom comes a bust. Scumbag opportunist mentality. Fail to plan and you plan to fail. ..as an effective government.

      Reply
  • And all of this going on at the same time the country was spending millions on tribunals into corruption by certain FF members. How’s that for two fingers to democracy.

    Reply
  • That so called tent in Galway was a annual event where Mc Creevy and his cronies did business. Of course there was something in it for them We are now picking up the pieces with the introduction of Austerity Measures not of the peoples doing. I see that there was one board that Mc creevy was prevented on going on because a conflict of interest. They were elected to serve the people. Instead they served only their own pockets. Shame on them History will not be kind to the last Finna fail Government.Nepatisim is the word that will spring to mind when they were making appointments . In some cases family and friends got top jobs rather that the person who was qualified to do it.

    Reply
  • This guy just typifies the whole ethos that FF were/are immersed in. One of murky dealings and giving succour to the elite and wealthy in this country…using their position in government to advance their and their favoured agendas at the expense of all others. This guy is one of the main contributors to the economic tailspin the country has endured and like the rest of hs type..remain in privilaged and well paid positions of power. It once again goes to display in crass clarity the divide in this country between them and us….and they ask us to trust them to get us out of this hole??? The only good thing that FF have done for this country is open our eyes to the codology they’ve been up to when the rest of us were in the stupor of the so called Celtic Tiger and that we should be thankful to them for…only thing is they’ve ruined the party for the other political lackwits!

    Reply
  • We need to ensure the whole sorry episode 2000 – 2007 and its aftermath is included in the history books lest it happen again. And not just because these people need to be named and shamed, we’ve a baby boom at present, come twenty five years when we’ve freed ourselves from the Troika all these babies will be let loose in the housing market and its not inconceivable that the whole fiasco could reoccur.

    Reply
    • Named and shamed? They need to do hard time in the joy, 20 years a piece would be a reasonable start, no tv or play station privileges either, let them fend for themselves, be someone’s bitches for a couple of decades. Then we can decide whether they should be hung or not.

      Reply
  • David 08/02/12 #

    He is the most culpable for the state ireland is in at the moment. It is he that brought the investors (his horse racing buddies) back into the market in 2002 when the market had peaked and started to fall. Them policies drove it up over 100% in the following 4 years. Also EU Commisioner during the whole lack of regulation era.

    Reply
  • This type of cronyism and corruption will continue in politics for as long as there are no consequences.

    Bertie Ahern, Former Taoiseach & Minister for Finance, Fianna Fail

    Brian Cowen, Former Taoiseach & Minister for Finance, Fianna Fail

    Brian Lenihan RIP, Former Minister for Finance, Fianna Fail

    Willie McAteer, Director Anglo Irish Bank

    Sean Fitzpatrick, Director Anglo Irish Bank

    To name just afew…. They all living happily ever after.

    Reply
  • Ciaro 08/02/12 #

    So nessa Childers is shocked? Did she have her head up her arse for the last 20 years?

    Reply
  • Charlie and Bertie – What a pair! The only transperancy in all this sorry state we are in is that it is clear that all were getting brown envelopes and in the case of these 2 it seems it was brown sacks. Sadly it’s still going on – wait and see the companies that NAMA show favour to in regard to legal and consultancy contracts. Build in the auctioneers and the developers and we are being taken for a bigger ride again while the likes of the labour Quinns Lochlan, Oisin, Raiire all benefit. There you have a trio of 1 TD 1 Councillor and 1 Money man with power ((ESB Chairman). Keep it in the family. They are not the only ones who run our corrupt country and we elect them.

    Reply
  • I’m sure FF have changed and that’s why I’ll be voting for them in the next election.

    Reply

Add New Comment