The luck of the Irish… what are the chances of that? Irish Credit Union Prize Draw Misappropriation and Mismanagement

Abstract

The collapse of the Irish economy in 2008-2009, which ultimately resulted in a bail-out of the Irish Government by the Troika of the European Union (EU), the European Central Bank (ECB), and the International Monetary Fund (IMF), may have irreparably damaged confidence in the Irish banking sector (Kitchin et al., 2012; Keenan, 2014; Whelan, 2014). It is an unfortunate reality that this was neither the first, nor the last scandal to undermine the Irish banking sector in recent years.