Seanad debates

Wednesday, 23 May 2018

10:30 am

Photo of Marie Louise O'DonnellMarie Louise O'Donnell (Independent) | Oireachtas source

They have effectively gone from rural Ireland but we need not worry because the post offices will do the job for them. What job? That is my question for this morning. The post office is going to bolster the immoral failing banks.

They tried this in the UK. The UK wanted to bail out the post offices because the banks were making all the profits. Why can we not have the Kiwi community banking system developed in Ireland? It could be given to the post offices as opposed to using the greed of our failing banks through the post offices while taking all the profits. Why will this new pilot banking system not be allowed through our post offices? The Government says it will put the banking services into the post offices. What banking services is it talking about? It is talking about the already big greedy banks we have in Ireland. The Kiwi banking community systems operates in New Zealand. After 19 years the system commands 20% of the actual profits. Can we imagine such money being put back into locales?

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