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Public Inquiry
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Voltaire Network
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Jim Power 'outed' on Questions & Answers

category dublin | miscellaneous | news report author Monday October 04, 2004 20:21author by Mark - SWP Report this post to the editors

On last Monday night's Questions & Answers, Jim Power denied Friends First was a multinational. But the group's website appears to contradict his claim.

On last Monday night's Questions & Answers, in reaction to the panel's comments on the question of whether the cabinet reshuffle would improve the Government's popularity, Martin O'Sullivan pointed out that the Government has been pursuing a neoliberal agenda since it took office, leading to savage cutbacks. He also managed to 'out' Jim Power as representing a corporation - Friends First - that is part of a multinational called Eureko. In response, Jim Power claimed: 'We're not a multinational!'. Watch the clip: http://www.rte.ie/news/2004/0927/qanda/qanda56_1.smil (Fast forward to Martin's contribution, which comes 10 minutes into the clip.)

Jim Power's claim is false. A quick glance at the About Us section of the Friends First website (http://www.friendsfirst.ie/about_us.shtml) reveals the following: 'In an international context, Friends First is a subsidiary of Eureko BV. Eureko is a leading European financial services group, with a total asset base of €92.8 billion and over 15,000 employees in 15 countries. Eureko has a rating from Standard & Poor of A+.'

Not a multinational?

author by the pedantic bastidpublication date Mon Oct 04, 2004 22:00author address author phone Report this post to the editors

I suppose you could say that technically speaking he was correct ... they're not a multinational just the local subsidiary of a multinational .....

author by Fpublication date Mon Oct 04, 2004 22:26author address author phone Report this post to the editors

Jim Power has lobbied the govt. to cutback on social spending
meanwhile
his company aims to profit from the deficit.

http://www.indymedia.ie/newswire.php?story_id=66312

author by the proof of the puddingpublication date Tue Oct 05, 2004 07:08author address author phone Report this post to the editors

Plain for all to see ...

Related Link: http://www.eureko.net/company/profile/organisational-structure.asp
 
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