Since the onset of the financial crisis, at least one thing has become apparent: crony capitalism has, and has had, adverse affects on economic growth.
This is evident in the recent cosy relationships between Fianna Fail and head bankers and property developers which undoubtedly contributed to bringing the Irish economy to its knees. Political accountability has subsequently been the cry of the leading opposition throughout the recession and recent election campaign. Now in government, Fine Gael face its first test of its commitment to reform in the political system given the emergence of Michael Lowry's alleged participation in illegal activities. The Moriarty Tribunal found that the former Communications Minister assisted businessman Denis O'Brien's consortium Esat Digiphone in acquiring a mobile phone licence in the mid-90s. The report also found Mr Lowry received £420,000 sterling from Denis O'Brien to complete the purchase of English properties. Taoiseach Enda Kenny's response to this situation will determine the party's allegiance to reform in Irish politics and may help restore the trust and confidence which has long been lacking.
Are we on the brink of political reform, or will Fine Gael follow the same trajectory as Fianna Fail: different party, same politics?
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