[2009] The Anglo-Irish Bank director is a beetle, which from the moment in the summer time when it began to use its wings and fly about, went about Poolbeg, not attracted by any flower in the field or any flower in the garden, no matter how beautiful they were, whether they were roses or lilies. Anglo-Irish Bank directors went about looking for some cow ddda or horse ddda in which they might roll themselves.
- Adapted from EAMON de Valera
Does DDDA drive investment out of Ireland?
Why does Minister John Gormley allow DDDA to exist?
Perceptions of corruption discourage private and foreign direct investment and limit economic growth.
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"Foreign investment executives rely on perception-based indicators used by commercial political risk-assessment firms such as Standard and Poor’s, Political Risk Services and the International Country Risk Guide.
Perception matters. Research has shown that perceptions of corruption discourage private and foreign direct investment and limit economic growth (Mauro, Quarterly Journal of Economics , 1995)."
The quoted text above has been clipped from an article on the €200 million investigations into alleged Mobile Phone Operator Fraud
Findings almost irrelevant as perceptions rule - by ELAINE BYRNE.
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Mr. de Valera's Original Words:
[1940s] TAOISEACH EAMON de Valera’s patience was worn out by the end of the 1940s. He told the Dáil that persistent corruption allegations reminded him of “the primpealláin, a beetle, which from the moment in the summer time when it began to use its wings and fly about, went about, not attracted by any flower in the field or any flower in the garden, no matter how beautiful they were, whether they were roses or lilies. The primpealláin went about looking for some cow dung or horse dung in which they might roll themselves”.
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