Tag: Europe

Banks should subsidise post offices

Business & Finance: Banks should subsidise post offices O’Rourke From THE IRISH TIMES, April 5th, 2001 By DENIS STAUNTON Commercial banks should pay millions of pounds each year to subsidise rural post offices,...

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Report says Irish post office system almost bankrupt

The State’s post offices are technically insolvent and will quickly
become bankrupt without a change in the way they are funded, a new
report says. Published yesterday by the Minister for Public Enterprise, Ms
O’Rourke, the report says the ‘only real option’ for financing An
Post’s losses is for the State to pay a subvention to the company

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