Corporate greed ‘cause of economic woes’

GLOBAL corporate greed and dishonesty combined with corruption and unscrupulous profiteering at home have caused our current economic problems, SIPTU president Des Geraghty said yesterday.

Mr Geraghty told his union’s biennial conference in Galway the consequences of the September 11 attacks on the US and the resulting undermining of the world’s peace and human rights institutions presented trade unions everywhere with their greatest challenge.

Criticising what he called the dominant agenda of the new right, Mr Geraghty challenged the trade union movement to take a long-term view of the bigger picture and act for the global good.