Banks to pay full cost of army escorts for cash transits

Ireland's banks have reportedly agreed to pay the State at least €3m extra every year to cover the cost of providing army escorts for cash transits.

Tue, 10 May, 2005 - 08:40

Ireland's banks have reportedly agreed to pay the State at least €3m extra every year to cover the cost of providing army escorts for cash transits.

Reports this morning said the sum was agreed in negotiations between Defence Minister Willie O'Dea and the Irish Bankers Federation.

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