Begg: Banks will be nationalised in 3 months

ALL Irish banks will be nationalised within the next three months according to union leader David Begg, who said the recapitalisation of Bank of Ireland and AIB is bound to fail.

The ICTU general secretary said the “disaffected population” of Ireland is living in fear and anger and urged the Government not to ignore the unions’ proposed 10-point plan for economic recovery.

Following the march of more than 100,000 workers in Dublin city centre on Saturday, Mr Begg said: “The problem at the moment is you have a very disaffected population sharing two emotions: fear and anger. Fear because they don’t know what’s going to happen them and their jobs; fear because a whole generation of very highly educated young people for whom redundancy was never in their frame of reference don’t know what’s going to happen to them or the future; and anger because they know they had nothing to do with causing it.”