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Adams calls on Taoiseach to name Anglo bondholders

25 January, 2012 - by Gerry Adams TD


During Leaders’ Questions in the Dáil today, Sinn Féin leader, Gerry Adams asked Taoiseach Enda Kenny to name the bondholders who will receive payment of €1.25 billion today. When the Taoiseach said he could not name them, Deputy Adams said that his party would approach the Comptroller and Auditor General for the names.

Deputy Adams described the hand over as “scandalous”, particularly in light of the dire circumstances that ordinary people across the state find themselves now in as a result of government cuts and stealth taxes.

Commenting on the €3.1 billion promissory note due to be paid out at the end of March Deputy Adams called on the government to tell the European Central bank that the state cannot afford it.

Deputy Adams said:

“This state is carrying too much debt. Last year the government gave the banks €20 billion. At the same time there is too little investment in job creation and a whole series of new and additional stealth taxes have been introduced which are crippling low and middle income families and the poor.

“Today’s payment to unsecured, unguaranteed bondholders in the former Anglo Irish Bank is further evidence of the failure of government austerity policies.

“This morning I asked the Taoiseach to name the bondholders who will receive this payment. His response was that he could not. I have written to the Comptroller and Auditor General asking him to investigate this matter.

“To add insult to injury on the 31st of March a further €3.1 billion of taxpayers’ money will be handed over in a promissory note in continuation of Fianna Fail’s disastrous strategy of dealing with the banking crisis.

“By the time it concludes paying this promissory note the state will have spent €74.6 billion. We believe the Government should tell the European Central Bank that it cannot afford to these notes and begin serious negotiations to secure an acceptable resolution that works for Irish citizens.”

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