Geldof calls for end to casino culture in banks

ANTI-POVERTY activist Bob Geldof last night called for an end to the casino culture in the banks.

Although claiming that the nature of the financial crisis in Ireland had left a bitter taste, he would not be drawn on whether there should be a change of government.

“What happened here and the way that it was done leaves a very bitter taste in the mouth for everyone,” the singer said.

“But essentially the casino that banks became, that really needs to stop now.”

He was speaking before a debate at Trinity College Dublin on whether development aid, with which he has a strong interest and association, has done more harm than good.

He described support for developing countries as critical.

“Africa since 2000 has 2% growth per annum, poverty reduction is down 1% ongoing… the logic of it works,” he said.

It was his second public appearance in Dublin in less than a week.

He took part in a public interview at The Music Show in the RDS at the weekend, where he talked at length about his musical career and anti-poverty efforts

Justin Kilcullen, Trócaire director, also took part in the debate and said development aid was a way for richer countries to show solidarity with developing countries.

Mr Kilcullen recently called for the introduction of a tax on financial institutions, which, he said, would generate hundreds of billions of euro every year to eradicate global poverty.

He said it was time for the banks to contribute to the cost of helping to lift millions out of poverty.


Lifestyle

Dr Sarah Miller is the CEO of Dublin’s Rediscovery Centre, the national centre for the Circular Economy in Ireland. She has a degree in Biotechnology and a PHD in Environmental Science in Waste Conversion Technologies.‘We have to give people positive messages’

When I was pregnant with Joan, I knew she was a girl. We didn’t find out the gender of the baby, but I just knew. Or else, I so badly wanted a girl, I convinced myself that is exactly what we were having.Mum's the Word: I have a confession: I never wanted sons. I wanted daughters

What is it about the teenage years that are so problematic for families? Why does the teenage soul rage against the machine of the adult world?Learning Points: It’s not about the phone, it’s about you and your teen

Judy Collins is 80, and still touring. As she gets ready to return to Ireland, she tells Ellie O’Byrne about the songs that have mattered most in her incredible 60-year career.The songs that matter most to Judy Collins from her 60-year career

More From The Irish Examiner